Sumitomo Mitsui Financial Group Inc ADR (SMFG) concluded trading on 11/16/23 at a closing price of $9.62, with 2.74 million shares of worth about $26.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.49% during that period and on Thursday the price saw a gain of about 1.58%. Currently the company’s common shares owned by public are about 6.72B shares, out of which, 6.67B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the SMFG stock and their offered price forecasts bring an average price target of $10.80. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.59 and could fall to a lowest price of $9.64. The stock’s current price level is 10.93% above of average price target set by the analysts, while a rise to estimated low would result in gain of 0.21% for the stock. However, touching the estimated high of $12.59 would mean a gain of 23.59% for the stock.
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Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) started trading at $9.66, above $0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 9.68, or with a gain of 1.58%. Stock saw a price change of 5.25% in past 5 days and over the past one month there was a price change of -1.13%. Year-to-date (YTD), SMFG shares are showing a performance of 19.95% which increased to 50.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.39 but also hit the highest price of $10.58 during that period. The average intraday trading volume for Sumitomo Mitsui Financial Group Inc ADR shares is 1.79 million. The stock is currently trading 0.35% above its 20-day simple moving average (SMA20), while that difference is down -1.63% for SMA50 and it goes to 8.80% higher than SMA200.
Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) currently have 6.72B outstanding shares and institutions hold larger chunk of about 1.47% of that.
The stock has a current market capitalization of $64.17B and its 3Y-monthly beta is at 0.67. PE ratio of stock for trailing 12 months is 11.30, while it has posted earnings per share of $0.85 in the same period. Its PEG reads 1.79 while making debt-to-equity ratio of 4.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMFG, volatility over the week remained 1.31% while standing at 1.24% over the month.
Analysts are in expectations that Sumitomo Mitsui Financial Group Inc ADR (SMFG) stock would likely to be making an EPS of $0.25 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.92% while it is estimated to increase by 5.59% in next year. EPS is likely to grow at an annualized rate of 6.30% for next 5-years, compared to annual growth of -1.50% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the Sumitomo Mitsui Financial Group Inc ADR (SMFG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.86. Out of those 14 Wall Street analysts, 7 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
