Analysts Set $8.50 Price Target for Mitsubishi UFJ Financial Group Inc (MUFG)

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Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) have earned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company.

Brokers have set a 1 year consensus price target of $8.50 for the company, according to Zacks. Zacks has also given Mitsubishi UFJ Financial Group an industry rank of 193 out of 257 based on the ratings given to related companies.

Separately, Daiwa Capital Markets upgraded shares of Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a report on Monday, September 3rd.

Several large investors have recently modified their holdings of the stock. Brandes Investment Partners LP acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth $35,461,000. Aperio Group LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth $29,483,000. Heathbridge Capital Management Ltd. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth $26,410,000. Bank of New York Mellon Corp acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth $20,720,000. Finally, Todd Asset Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth $17,839,000. Institutional investors and hedge funds own 1.08% of the company’s stock.

Shares of NYSE:MUFG traded down $0.04 during midday trading on Monday, reaching $5.94. 496,700 shares of the company were exchanged, compared to its average volume of 1,302,687. Mitsubishi UFJ Financial Group has a fifty-two week low of $5.49 and a fifty-two week high of $8.11. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm has a market cap of $80.40 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 2.09 and a beta of 1.56.

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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