Zacks: Mitsubishi UFJ Financial Group Inc (MUFG) Given $8.90 Consensus Target Price by Brokerages

Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) has earned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation. Mitsubishi UFJ Financial Group’s rating score has declined by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus target price of $8.90 for the company, according to Zacks. Zacks has also given Mitsubishi UFJ Financial Group an industry rank of 224 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. Daiwa Capital Markets raised shares of Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research report on Monday, September 3rd. Finally, Keefe, Bruyette & Woods raised shares of Mitsubishi UFJ Financial Group from a “market perform” rating to an “outperform” rating in a research report on Monday, July 9th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hilltop Holdings Inc. purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $102,000. LPL Financial LLC purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $103,000. Citadel Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $104,000. Laurel Wealth Advisors Inc. purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $149,000. Finally, Summit Trail Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $150,000. 1.07% of the stock is owned by institutional investors.

Shares of NYSE:MUFG traded up $0.04 on Wednesday, hitting $6.44. The company had a trading volume of 21,410 shares, compared to its average volume of 1,408,149. Mitsubishi UFJ Financial Group has a 1 year low of $5.49 and a 1 year high of $8.11. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock has a market cap of $82.26 billion, a price-to-earnings ratio of 9.02 and a beta of 1.67.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Thursday, August 2nd. The company reported $0.23 EPS for the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.35% and a return on equity of 6.56%. The firm had revenue of $15.05 billion during the quarter.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

Read More: Terms to Better Understand Call Options

Get a free copy of the Zacks research report on Mitsubishi UFJ Financial Group (MUFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mitsubishi UFJ Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi UFJ Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply