SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Still a Buy?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up before the market opened on Thursday . The stock had previously closed at $17.75, but opened at $19.00. SoftBank Group shares last traded at $19.54, with a volume of 381,287 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Cantor Fitzgerald assumed coverage on SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating for the company. Zacks Research raised SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Finally, Sanford C. Bernstein assumed coverage on SoftBank Group in a research note on Monday. They set an “outperform” rating for the company. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SoftBank Group Stock Up 12.7%

The stock has a market capitalization of $228.59 billion, a PE ratio of 6.91 and a beta of 1.70. The firm has a 50 day moving average of $14.50 and a two-hundred day moving average of $14.41. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.86. The firm had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a return on equity of 30.38% and a net margin of 64.12%. Equities research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 0.09 earnings per share for the current year.

About SoftBank Group

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.