Market Analysts see Itau Unibanco Holding S.A. [ITUB] gaining to $5. Time to buy?

Itau Unibanco Holding S.A. [NYSE: ITUB] price surged by 2.76 percent to reach at $0.14. The company report on August 8, 2022 that Itaú Unibanco – Material Fact – Projections.


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Itaú Unibanco Holding S.A. (“Company” or “Itaú Unibanco”), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Resolution no. 44/21 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has revised its projections for the year 2022 in accordance with the provision in item 11 (“Projections”) of the Reference Form.

A sum of 33853538 shares traded at recent session while its average daily volume was at 47.87M shares. Itau Unibanco Holding S.A. shares reached a high of $5.24 and dropped to a low of $5.105 until finishing in the latest session at $5.21.

The one-year ITUB stock forecast points to a potential upside of 11.24. The average equity rating for ITUB stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $5.87 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 2.10. 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.

JP Morgan have made an estimate for Itau Unibanco Holding S.A. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 11, 2022. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on January 24, 2022, 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 0.15, with the Price to Sales ratio for ITUB stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 20.97. Price to Free Cash Flow for ITUB in the course of the last twelve months was 2.53.

ITUB Stock Performance Analysis:

Itau Unibanco Holding S.A. [ITUB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.77. With this latest performance, ITUB shares gained by 30.25% in over the last four-week period, additionally plugging by 11.25% over the last 6 months – not to mention a rise of 11.60% 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 73.69, with the RSI for the last a single of trading hit 80.72, and the three-weeks RSI is set at 67.08 for Itau Unibanco Holding S.A. [ITUB]. The present Moving Average for the last 50 days of trading for this stock 4.55, while it was recorded at 5.06 for the last single week of trading, and 4.62 for the last 200 days.

Insight into Itau Unibanco Holding S.A. 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 +24.01. Itau Unibanco Holding S.A.’s Net Margin is presently recorded at +14.18.

Return on Equity for this stock inclined to 18.09, with Return on Assets sitting at 1.31.

ITUB Stock EPS

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 9.40%.

Itau Unibanco Holding S.A. [ITUB] Insider Position Details

There are presently around $4,909 million, or 21.70% 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 127,899,445, which is approximately -18.569% of the company’s market cap and around 52.10% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 92,419,788 shares of the stock with an approximate value of $481.51 million in ITUB stocks shares; and ORBIS ALLAN GRAY LTD, currently with $424.58 million in ITUB stock with ownership of nearly 79.063% of the company’s market capitalization.

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 150 institutional holders increased their position in Itau Unibanco Holding S.A. [NYSE:ITUB] by around 151,107,328 shares. Additionally, 131 investors decreased positions by around 217,527,295 shares, while 47 investors held positions by with 573,645,889 shares. The mentioned changes placed institutional holdings at 942,280,512 shares, according to the latest SEC report filing. ITUB stock had 56 new institutional investments in for a total of 48,022,104 shares, while 42 institutional investors sold positions of 48,313,295 shares during the same period.

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