BofA Securities slashes price target on Sumitomo Mitsui Financial Group Inc. [SMFG] – find out why.

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Sumitomo Mitsui Financial Group Inc. [NYSE: SMFG] closed the trading session at $5.97 on 05/05/22. The day’s price range saw the stock hit a low of $5.93, while the highest price level was $6.07.

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The stocks have a year to date performance of -12.08 percent and weekly performance of -0.83 percent. The stock has been moved at -10.49 percent over the last six months. The stock has performed -4.48 percent around the most recent 30 days and changed -17.88 percent over the most recent 3-months.

If compared to the average trading volume of 3.13M shares, SMFG reached to a volume of 3101083 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Sumitomo Mitsui Financial Group Inc. [SMFG]:

BofA Securities have made an estimate for Sumitomo Mitsui Financial Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 11, 2022. The new note on the price target was released on May 25, 2016, representing the official price target for Sumitomo Mitsui Financial Group Inc. stock.

The Average True Range (ATR) for Sumitomo Mitsui Financial Group Inc. is set at 0.12, with the Price to Sales ratio for SMFG stock in the period of the last 12 months amounting to 2.97. The Price to Book ratio for the last quarter was 0.44, with the Price to Cash per share for the same quarter was set at 113.83.

SMFG stock trade performance evaluation

Sumitomo Mitsui Financial Group Inc. [SMFG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.83. With this latest performance, SMFG shares dropped by -4.48% in over the last four-week period, additionally sinking by -10.49% over the last 6 months – not to mention a drop of -18.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMFG stock in for the last two-week period is set at 37.96, with the RSI for the last a single of trading hit 39.86, and the three-weeks RSI is set at 37.62 for Sumitomo Mitsui Financial Group Inc. [SMFG]. The present Moving Average for the last 50 days of trading for this stock 6.47, while it was recorded at 6.01 for the last single week of trading, and 6.86 for the last 200 days.

Sumitomo Mitsui Financial Group Inc. [SMFG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sumitomo Mitsui Financial Group Inc. [SMFG] shares currently have an operating margin of +19.72. Sumitomo Mitsui Financial Group Inc.’s Net Margin is presently recorded at +13.40.

Return on Total Capital for SMFG is now 1.25, given the latest momentum, and Return on Invested Capital for the company is 1.92. Return on Equity for this stock inclined to 4.55, with Return on Assets sitting at 0.22. When it comes to the capital structure of this company, Sumitomo Mitsui Financial Group Inc. [SMFG] has a Total Debt to Total Equity ratio set at 431.64. Additionally, SMFG Total Debt to Total Capital is recorded at 81.19, with Total Debt to Total Assets ending up at 21.05. Long-Term Debt to Equity for the company is recorded at 150.58, with the Long-Term Debt to Total Capital now at 28.32.

Reflecting on the efficiency of the workforce at the company, Sumitomo Mitsui Financial Group Inc. [SMFG] managed to generate an average of $5,909,277 per employee.

Earnings per share (EPS) analysis for Sumitomo Mitsui Financial Group Inc. [SMFG] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMFG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sumitomo Mitsui Financial Group Inc. go to 0.90%.

Sumitomo Mitsui Financial Group Inc. [SMFG]: Insider Ownership positions

Positions in Sumitomo Mitsui Financial Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 118 institutional holders increased their position in Sumitomo Mitsui Financial Group Inc. [NYSE:SMFG] by around 13,628,059 shares. Additionally, 125 investors decreased positions by around 15,465,255 shares, while 34 investors held positions by with 93,903,603 shares. The mentioned changes placed institutional holdings at 122,996,917 shares, according to the latest SEC report filing. SMFG stock had 37 new institutional investments in for a total of 6,065,949 shares, while 35 institutional investors sold positions of 1,241,695 shares during the same period.