Goldman lifts Itau Unibanco Holding S.A. [ITUB] price estimate. Who else is bullish?

Itau Unibanco Holding S.A. [NYSE: ITUB] slipped around -0.19 points on Monday, while shares priced at $5.45 at the close of the session, down -3.37%. The company report on July 7, 2021 that CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market.

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Pilot brings efficiency, liquidity and global standards to the carbon offset ecosystem.

As part of an international joint effort, CIBC (TSX: CM) (NYSE:CM), Itaú Unibanco (NYSE: ITUB), National Australia Bank (ASX: NAB) and NatWest Group (LSE: NWG) announced Project Carbon, a Voluntary Carbon Marketplace pilot.

Itau Unibanco Holding S.A. stock is now -9.80% down from its year-to-date (YTD) trading value. ITUB Stock saw the intraday high of $5.575 and lowest of $5.415 per share. The company’s 52-week high price is 6.76, which means current price is +26.45% above from all time high which was touched on 06/17/21.

Compared to the average trading volume of 37.80M shares, ITUB reached a trading volume of 39939412 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Itau Unibanco Holding S.A. [ITUB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ITUB shares is $6.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ITUB stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Itau Unibanco Holding S.A. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 15, 2020. The new note on the price target was released on April 06, 2020, representing the official price target for Itau Unibanco Holding S.A. stock.

The Average True Range (ATR) for Itau Unibanco Holding S.A. is set at 0.20, with the Price to Sales ratio for ITUB stock in the period of the last 12 months amounting to 2.12. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 20.58. Price to Free Cash Flow for ITUB in the course of the last twelve months was 26.10.

How has ITUB stock performed recently?

Itau Unibanco Holding S.A. [ITUB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.22. With this latest performance, ITUB shares dropped by -16.41% in over the last four-week period, additionally sinking by -7.84% over the last 6 months – not to mention a rise of 9.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ITUB stock in for the last two-week period is set at 34.73, with the RSI for the last a single of trading hit 29.20, and the three-weeks RSI is set at 39.80 for Itau Unibanco Holding S.A. [ITUB]. The present Moving Average for the last 50 days of trading for this stock 5.88, while it was recorded at 5.67 for the last single week of trading, and 5.31 for the last 200 days.

Itau Unibanco Holding S.A. [ITUB]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Itau Unibanco Holding S.A. [ITUB] shares currently have an operating margin of +7.25. Itau Unibanco Holding S.A.’s Net Margin is presently recorded at +9.84.

Return on Total Capital for ITUB is now 1.96, given the latest momentum, and Return on Invested Capital for the company is 5.36. Return on Equity for this stock inclined to 13.50, with Return on Assets sitting at 1.03. When it comes to the capital structure of this company, Itau Unibanco Holding S.A. [ITUB] has a Total Debt to Total Equity ratio set at 403.06. Additionally, ITUB Total Debt to Total Capital is recorded at 80.12, with Total Debt to Total Assets ending up at 28.47. Long-Term Debt to Equity for the company is recorded at 163.41, with the Long-Term Debt to Total Capital now at 32.48.

Reflecting on the efficiency of the workforce at the company, Itau Unibanco Holding S.A. [ITUB] managed to generate an average of $195,813 per employee.

Earnings analysis for Itau Unibanco Holding S.A. [ITUB]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ITUB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Itau Unibanco Holding S.A. go to 1.50%.

Insider trade positions for Itau Unibanco Holding S.A. [ITUB]

There are presently around $5,472 million, or 23.40% of ITUB stock, in the hands of institutional investors. The top three institutional holders of ITUB stocks are: SCHRODER INVESTMENT MANAGEMENT GROUP with ownership of 162,001,882, which is approximately 6.936% of the company’s market cap and around 52.10% of the total institutional ownership; HARDING LOEVNER LP, holding 136,764,283 shares of the stock with an approximate value of $745.37 million in ITUB stocks shares; and GOLDMAN SACHS GROUP INC, currently with $276.32 million in ITUB stock with ownership of nearly 132.171% of the company’s market capitalization.

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Positions in Itau Unibanco Holding S.A. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 168 institutional holders increased their position in Itau Unibanco Holding S.A. [NYSE:ITUB] by around 127,030,376 shares. Additionally, 139 investors decreased positions by around 192,745,210 shares, while 46 investors held positions by with 684,267,501 shares. The mentioned changes placed institutional holdings at 1,004,043,087 shares, according to the latest SEC report filing. ITUB stock had 59 new institutional investments in for a total of 32,942,119 shares, while 54 institutional investors sold positions of 56,571,552 shares during the same period.

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