Back to top

Bull of the Day

We are upgrading our recommendation on Mitsubishi UFJ Financial - ADS (MTU) to Outperform based on the company's impressive earnings results for the fiscal year ended March 31, 2012. The company's net income increased 68% year over year. The growth was primarily aided by lower G&A expenses and a significant decline in consolidated credit costs.

Improved loans and deposits were also among the positives (reduced gross profits and net interest income were the headwinds). The company's strong business model, diversified product mix and lower credit costs are expected to support its bottom line going forward.

Our six-month target price of $5.50 per ADS equates to about 9.3x the Zacks Consensus Estimate for fiscal year 2013. This target price implies an expected total return of 12% over that period. This is consistent with our long-term Outperform recommendation on the ADSs.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.69 +3.94%
WEATHERFORD… WFT 23.77 +3.84%
BANCO DO BR… BDORY 14.45 +3.58%
AIR INDUSTR… AIRI 9.89 +3.13%
EQT MIDSTRE… EQM 97.67 +2.89%