SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Still a Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped up before the market opened on Monday . The stock had previously closed at $23.65, but opened at $27.02. SoftBank Group shares last traded at $27.4626, with a volume of 669,929 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Zacks Research upgraded SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Cantor Fitzgerald started coverage on SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating on the stock. Sanford C. Bernstein began coverage on SoftBank Group in a research note on Monday, May 18th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoftBank Group has a consensus rating of “Hold”.

SoftBank Group Stock Up 17.2%

The firm’s 50 day moving average price is $16.05 and its two-hundred day moving average price is $14.56. The firm has a market capitalization of $316.55 billion, a PE ratio of 9.56 and a beta of 1.79. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. The firm had revenue of $13.17 billion for the quarter, compared to analyst estimates of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. As a group, research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS for the current fiscal year.

SoftBank Group Company Profile

SoftBank Group Corp is a Tokyo?based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high?growth technology companies around the globe.