Mitsubishi UFJ Financial Group Inc. ADR (NYSE:MUFG) finished Friday with a subtraction of -$0.23 to close at $8.49, a downside of -2.64 percent. An average of 4,049,580 shares of common stock have been traded in the last five days. There was a fall of -$0.41 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 3,235,980 shares traded, while the 50-day average volume stands at 2,974,032.
MUFG stock has increased by 7.06% in the last month. The company shares reached their 1-month lowest point of $7.89 on 08/31/23. With the stock rallying to its 52-week high on 09/14/23, shares of the company touched a low of $4.31 and a high of $9.04 in 52 weeks. It has reached a new high 14 times so far this year and achieved 27.29% or $1.82 in price. In spite of this, the price is down -6.08% from the 52-week high.
Valuation Metrics
Mitsubishi UFJ Financial Group Inc. ADR (MUFG) has a trailing price-to-earnings (P/E) ratio of 8.98. The stock’s beta is 0.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.51, the price-to-book (PB) ratio at 0.82.
Financial Health
Further, the company has a long term debt to equity ratio of 2.88 and a total debt to equity ratio of 5.09 for the quarter ending June 29. Its gross profit as reported stood at $21.65 billion compared to revenue of $39.21 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mitsubishi UFJ Financial Group Inc. ADR’s return on assets was 0.42%.
Earnings Surprise
The analyst consensus anticipated Mitsubishi UFJ Financial Group Inc. ADR’s latest quarter earnings to come in at $0.19 per share, but it turned out to be $0.34, a 78.90% surprise. At the end of the quarter ending June 29, Mitsubishi UFJ Financial Group Inc. ADR’s stock balance sheet showed total debt was $92.0 trillion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mitsubishi UFJ Financial Group Inc. ADR (MUFG) price momentum. RSI 9-day as of the close on 29 September was 45.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.06%.
As of today, MUFG’s price is $8.64 -4.61% or -$0.41 from its 5-day moving average. MUFG is currently trading +7.06% higher than its 20-day SMA and +34.55% higher than its 100-day SMA. However, the stock’s current price level is +10.26% above the SMA50 and +55.21% above the SMA200.
The stochastic %K and %D were 34.34% and 47.48%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 6.78% and the average true range at 0.17, the RSI (14) stands at 51.67%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
BofA Securities upgraded Mitsubishi UFJ Financial Group Inc. ADR (NYSE: MUFG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Mitsubishi UFJ Financial Group Inc. ADR (MUFG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MUFG, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 8 others rate it as a “buy”.
What is MUFG’s price target for the next 12 months?
Analysts predict a range of price targets between $7.79 and $10.80, with a median target of $9.07. Taking a look at these predictions, the average price target given by analysts for Mitsubishi UFJ Financial Group Inc. ADR (MUFG) stock is $9.07.
