Zacks: Mitsubishi UFJ Financial Group Inc (MUFG) Receives Consensus Rating of “Buy” from Analysts

Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) have earned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. Mitsubishi UFJ Financial Group’s rating score has improved by 25% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a 1-year consensus price objective of $8.50 for the company, according to Zacks. Zacks has also assigned Mitsubishi UFJ Financial Group an industry rank of 177 out of 256 based on the ratings given to its competitors.

A number of research firms have commented on MUFG. Zacks Investment Research restated a “hold” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, November 14th. Citigroup assumed coverage on shares of Mitsubishi UFJ Financial Group in a research note on Tuesday, November 13th. They issued a “buy” rating on the stock.

NYSE:MUFG opened at $5.15 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $67.56 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 1.78 and a beta of 1.47. Mitsubishi UFJ Financial Group has a 12 month low of $4.64 and a 12 month high of $8.11.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.23 EPS for the quarter. The business had revenue of $15.56 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 15.87% and a return on equity of 6.39%. As a group, research analysts anticipate that Mitsubishi UFJ Financial Group will post 0.67 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. BB&T Corp acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth $1,792,000. Aperio Group LLC acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth $29,483,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth $291,000. Fisher Asset Management LLC increased its position in Mitsubishi UFJ Financial Group by 3.5% during the third quarter. Fisher Asset Management LLC now owns 1,038,583 shares of the company’s stock worth $6,429,000 after buying an additional 35,491 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth $3,554,000. 1.07% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

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.

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