Positive News Coverage Somewhat Unlikely to Impact Mitsubishi UFJ Financial Group (MTU) Share Price
Headlines about Mitsubishi UFJ Financial Group (NYSE:MTU) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mitsubishi UFJ Financial Group earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.9793365445824 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) — Moody’s assigns (P)A1 to BTMU’s Euro MTN program (finance.yahoo.com)
- Japan’s Biggest Bank Is Looking for Overseas Talent (bloomberg.com)
- We're pretty optimistic about Southeast Asia: MUFG CEO (finance.yahoo.com)
- Bank Of Tokyo – Mitsubishi Ufj, Ltd Buys PowerShares QQQ Trust Series 1, Sells SPDR S&P 500 (finance.yahoo.com)
- [$$] Japanese Bank Fined for ‘Spoofing’ U.S. Futures Markets (finance.yahoo.com)
Shares of Mitsubishi UFJ Financial Group (NYSE:MTU) traded down 3.62% during midday trading on Thursday, hitting $6.13. The stock had a trading volume of 4,199,428 shares. Mitsubishi UFJ Financial Group has a 12 month low of $4.83 and a 12 month high of $7.01. The stock’s 50-day moving average is $6.49 and its 200-day moving average is $6.47. The stock has a market cap of $81.45 billion, a PE ratio of 30.50 and a beta of 1.59.
Mitsubishi UFJ Financial Group (NYSE:MTU) last posted its quarterly earnings data on Tuesday, August 1st. The bank reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $13.57 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.59% and a net margin of 16.99%. Equities analysts anticipate that Mitsubishi UFJ Financial Group will post $0.55 EPS for the current year.
Several equities research analysts have recently issued reports on MTU shares. BidaskClub raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.50.
About Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.
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