Validea Peter Lynch Strategy Daily Upgrade Report - 8/27/2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Source: NASDAQ.COM
Stock Ratings Update: Validea's P/E/Growth Investor model, based on Peter Lynch's strategy, has upgraded several stocks including Cementos Pacasmayo SAA, Payoneer Global Inc, and Mach Natural Resources LP, reflecting improved fundamentals and valuations.
Company Descriptions: The article provides detailed descriptions of each company, highlighting their business operations and recent performance metrics that influenced the rating changes, indicating potential investment opportunities.
Analyst Views on SMFG
Wall Street analysts forecast SMFG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMFG is 32.53 USD with a low forecast of 32.53 USD and a high forecast of 32.53 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.650
Low
32.53
Averages
32.53
High
32.53
Current: 20.650
Low
32.53
Averages
32.53
High
32.53
About SMFG
Sumitomo Mitsui Financial Group Inc is a Japan-based company mainly engaged in businesses related to financial services, centering on banking, leasing, securities, consumer finance, and system development and information processing. The Company consists of five business segments. The Wholesale Business segment provides services to large domestic corporations as well as small and medium-sized enterprises. The Retail business segment serves retail customers in Japan. The Global Business segment serves Japanese and non-Japanese clients overseas. The Market Business segment provides services for financial markets. The Headquarters Administration Business segment provides services that do not belong to any of the above business segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
