Itau Unibanco Holding S.A. (NYSE:ITUB) currently has a daily average trading volume of 31.71M but it saw 37514494 shares traded on Thursday. With a market cap of 43.42B USD, stock’s current market price of $4.54 came rising about 2.95 while comparing to the previous closing price of $4.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.93 and as low as $3.76. In the recent trading on the day, stock has struck highest price mark of $4.57 while lowest mark touched by it was $4.40.
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Taking a look at 20-day trading activity of Itau Unibanco Holding S.A. (ITUB) gives us an average price of $4.78, while its current price level is -23.45% below from 52-week high level whereas it is 20.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.87 while that of 200 days or SMA-200 reads an average of $4.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.35% during that period while stretching the period over a month that decreases to 2.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.95 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Barclays which upgraded the stock as “Overweight” in its note to investors issued on November 15, 2022, recommending a price target of between $5.50 and $7 for it. Goldman upgraded its recommendation for the stock as a “Buy” from “Neutral” on September 29, 2022 while assigning a price target range of $5.40-$7. JP Morgan also issued its recommendations for the stock as it upgraded the price target for the stock is $5.
Over the week, ITUB’s stock price is moving -4.62% down while it is -10.04% when we observe its performance for the past one month. Year-to-date it is -3.48% down and over the past year, the stock is showing a downside performance of -2.41%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $0.15 beaten by the consensus estimate of $0.16 for the same. For ITUB, analysts are forecasting an EPS-growth rate of 18.30% for current year and estimate for EPS growth in next year is 11.30%. In next quarter, company is expected to be making quarterly sales of $7.86 billion as analysts are expecting the sales for current fiscal year at $30.34 billion and seeing the company making $32.47 billion in sales next year. Moreover, analysts are in estimates of $7.51 billion for current-quarter revenue.
Currently, Itau Unibanco Holding S.A.’s total number of outstanding shares is 9.80B with 0.01% of that held by the insiders while 19.79% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.90% and return on equity (ROE) at 18.50%. It has a price to earnings ratio (P/E ratio) of 7.79 while having a 5.75 of forward P/E ratio. Stock’s beta reads 0.67. Stock has a price to book (P/B) ratio of 1.37 while price to sale or P/S ratio amounts to 1.18. Its return on asset (ROA) is 1.30% on average.
A filing at the U.S. Securities and Exchange Commission revealed that JOHCM International Select Fund came shrinking its share ownership by 12.94% in the Itau Unibanco Holding S.A. (ITUB) increasing its stake to 0.56% with control over 3.08 million shares in the company. As per SEC documents, JOHCM International Select Fund shunned 26,926,106 of company’s common stock of worth $129.51 million as per recent closing price of the stock. JOHCM International Select Fund is not the only institutional holder which restructured its stake in Itau Unibanco Holding S.A., as Templeton Emerging Markets Invest dumped 20,705,572 shares of worth $99.59 million to bring its holdings to a total of -0.17 million shares.
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