An analyst sees good growth prospects for Mizuho Financial Group Inc. (MFG)

Mizuho Financial Group Inc. (NYSE: MFG) stock fell -0.84% on Friday to $2.37 against a previous-day closing price of $2.39. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.87 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $2.3750 whereas the lowest price it dropped to was $2.3400. The 52-week range on MFG shows that it touched its highest point at $3.04 and its lowest point at $2.15 during that stretch. It currently has a 1-year price target of $2.48. With its current market cap of 28.50 billion, MFG has annualized dividend of $0.20 while the current yield stands at 8.44%. Beta for the stock currently stands at 0.58.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MFG was down-trending over the past week, with a drop of -0.84%, but this was up by 4.41% over a month. Three-month performance dropped to -3.27% while six-month performance fell -14.13%. The stock lost -16.25% in the past year, while it has lost -7.06% so far this year. A look at the trailing 12-month EPS for MFG yields 0.34 with Next year EPS estimates of 1.01. For the next quarter, that number is 0.06. This implies an EPS growth rate of 287.30% for this year and -12.90% for next year. EPS is expected to grow by 1.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.30%.

Float and Shares Shorts:

At present, 12.68 billion MFG shares are outstanding with a float of 11.44 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 1.99 million, which was 0.02% higher than short shares on Jun 14, 2022. In addition to Mr. Seiji Imai as the firm’s Dy Pres, Sr Rep Exec Off, Head of Corp, Institutional Co & Global Corp Co and Director, Mr. Naofumi Fuke serves as its Sr. Exec. Officer & Co-Head of Retail & Bus. Banking Company.

Institutional Ownership:

Through their ownership of 0.49% of MFG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.46% of MFG, in contrast to 0.03% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MFG with 0.16% of the stake, Parametric Portfolio Associates L holds 20,688,502 shares worth 20,688,502. A second-largest stockholder of MFG, Goldman Sachs Asset Management LP, holds 8,331,198 shares, controlling over 0.07% of the firm’s shares. Aperio Group LLC is the third largest shareholder in MFG, holding 5,697,964 shares or 0.05% stake. With a 0.01% stake in MFG, the Steward Global Equity Income Fund is the largest stakeholder. A total of 1,774,200 shares are owned by the mutual fund manager. The Avantis International Equity ETF, which owns about 0.01% of MFG stock, is the second-largest Mutual Fund holder. It holds 671,455 shares valued at 1.5 million. Trust for Professional Managers – holds 0.00% of the stake in MFG, owning 532,231 shares worth 1.19 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MFG since 13 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MFG analysts setting a high price target of $4.21 and a low target of $2.43, the average target price over the next 12 months is $2.90. Based on these targets, MFG could surge 77.64% to reach the target high and rise by 2.53% to reach the target low. Reaching the average price target will result in a growth of 22.36% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MFG will report FY 2023 earnings on 05/15/2023. Analysts have provided yearly estimates in a range of $0.35 being high and $0.31 being low. For MFG, this leads to a yearly average estimate of $0.32. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Mizuho Financial Group Inc. surprised analysts by $0.03 when it reported $0.10 EPS against a consensus estimate of $0.07. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.08.

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