Several brokerages have updated their recommendations and price targets on shares of Mitsubishi UFJ Financial Group (NYSE: MTU) in the last few weeks:

  • 9/19/2017 – Mitsubishi UFJ Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mitsubishi UFJ’s shares underperformed the industry on NYSE over the last six months. Though the negative interest rates in Japan and global growth concerns, along with strict regulations, remain headwinds, strong capital ratios and organic growth will likely support the company’s bottom-line growth. Also, the company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2016–2018) and global expansion.”
  • 9/14/2017 – Mitsubishi UFJ Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.00 price target on the stock. According to Zacks, “Mitsubishi UFJ’s shares underperformed the industry on NYSE over the last six months. Though the negative interest rates in Japan and global growth concerns, along with strict regulations, remain headwinds, strong capital ratios and organic growth will likely support the company’s bottom-line growth. Also, the company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2016–2018) and global expansion.”
  • 9/13/2017 – Mitsubishi UFJ Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mitsubishi UFJ’s shares on NYSE underperformed the industry over the last six months. Though the negative interest rates in Japan and global growth concerns, along with strict regulations, remain headwinds, strong capital ratios and organic growth will likely support the company’s bottom-line growth. Also, the company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2016–2018) and global expansion.”
  • 9/6/2017 – Mitsubishi UFJ Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.75 price target on the stock. According to Zacks, “Mitsubishi UFJ’s shares on NYSE underperformed the industry over the last six months. Though the negative interest rates in Japan and global growth concerns, along with strict regulations, remain headwinds, strong capital ratios and organic growth will likely support the company’s bottom-line growth. Also, the company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2016–2018) and global expansion.”
  • 9/5/2017 – Mitsubishi UFJ Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mitsubishi UFJ’s shares underperformed the industry over the last six months. The company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2016–2018) and global expansion. Though the negative interest rates in Japan and global growth concerns, along with strict regulations, remain headwinds, strong capital ratios, along with smooth organic growth, will likely support the company’s bottom-line growth.”
  • 9/1/2017 – Mitsubishi UFJ Financial Group was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 8/12/2017 – Mitsubishi UFJ Financial Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/3/2017 – Mitsubishi UFJ Financial Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/25/2017 – Mitsubishi UFJ Financial Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Mitsubishi UFJ Financial Group Inc (NYSE MTU) opened at 6.32 on Wednesday. The firm has a market cap of $83.98 billion, a price-to-earnings ratio of 30.98 and a beta of 1.62. The company has a 50-day moving average price of $6.20 and a 200-day moving average price of $6.37. Mitsubishi UFJ Financial Group Inc has a 12 month low of $4.83 and a 12 month high of $7.01.

Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its earnings results on Tuesday, August 1st. The bank reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. Mitsubishi UFJ Financial Group had a return on equity of 6.59% and a net margin of 16.99%. The company had revenue of $13.57 billion for the quarter. Analysts forecast that Mitsubishi UFJ Financial Group Inc will post $0.55 earnings per share for the current fiscal year.

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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