Somewhat Positive Media Coverage Somewhat Unlikely to Affect Mitsubishi UFJ Financial Group (MTU) Share Price
Press coverage about Mitsubishi UFJ Financial Group (NYSE:MTU) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mitsubishi UFJ Financial Group earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.1544031528099 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- MUFG Considers Relocating Base to Amsterdam Post Brexit (finance.yahoo.com)
- Mitsubishi UFJ Financial Group Inc (MTU) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Union Bank and HighMark Capital Add Duo in Portland (finance.yahoo.com)
- Mitsubishi UFJ Financial : Preparation for Establishing a New EU Subsidiary (4-traders.com)
- Japan’s MUFG says picks Amsterdam as EU investment banking base (reuters.com)
Shares of Mitsubishi UFJ Financial Group (MTU) traded up 0.98% during mid-day trading on Friday, hitting $6.18. The stock had a trading volume of 818,072 shares. Mitsubishi UFJ Financial Group has a 12-month low of $4.83 and a 12-month high of $7.01. The firm’s 50-day moving average price is $6.20 and its 200 day moving average price is $6.38. The stock has a market cap of $82.12 billion, a price-to-earnings ratio of 30.29 and a beta of 1.62.
Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its quarterly earnings data on Tuesday, August 1st. The bank reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The firm had revenue of $13.57 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.59% and a net margin of 16.99%. Equities analysts forecast that Mitsubishi UFJ Financial Group will post $0.55 EPS for the current fiscal year.
MTU has been the subject of several research analyst reports. ValuEngine lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, July 4th. Finally, BidaskClub upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $7.00.
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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