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Mitsubishi UFJ Financial Group Inc. (MUFG) – The 19.22% Upside Potential Remains

Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) is -1.05% lower on its value in year-to-date trading and has touched a low of $4.31 and a high of $7.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MUFG stock was last observed hovering at around $6.72 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $8.17 for the next 12 months. It is also 21.62% off the consensus price target high of $8.42 offered by 10 analysts, but current levels are -6.62% lower than the price target low of $6.19 for the same period.

Currently trading at $6.60, the stock is 2.62% and 2.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing -1.79% at the moment leaves the stock 10.92% off its SMA200. MUFG registered 16.61% gain for a year compared to 6-month gain of 29.67%.

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The stock witnessed a 3.29% loss in the last 1 month and extending the period to 3 months gives it a -9.22%, and is -1.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.43% over the week and 1.72% over the month.

Mitsubishi UFJ Financial Group Inc. (MUFG) has around 134443 employees, a market worth around $86.63B and $38.20B in sales. Current P/E ratio is 9.97 and Fwd P/E is 9.85. Profit margin for the company is 21.10%. Distance from 52-week low is 53.13% and -14.40% from its 52-week high. The company has generated returns on investments over the last 12 months (4.20%).

Mitsubishi UFJ Financial Group Inc. (MUFG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Mitsubishi UFJ Financial Group Inc. (MUFG) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.00, where 4 rate it as a Hold and 2 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Mitsubishi UFJ Financial Group Inc. is expected to release its quarterly report on 08/02/2023.The EPS is expected to grow by 2.60% this year.

Mitsubishi UFJ Financial Group Inc. (MUFG) Top Institutional Holders

The shares outstanding are 12.05B, and float is at 12.02B with Short Float at 0.04%.

Mitsubishi UFJ Financial Group Inc. (MUFG): Who are the competitors?

The company’s main competitors (and peers) include KB Financial Group Inc. (KB) that is trading -17.68% down over the past 12 months and The Bank of New York Mellon Corporation (BK) that is -6.01% lower over the same period. Mizuho Financial Group Inc. (MFG) is 24.89% up on the 1-year trading charts.

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