Itau Unibanco Holding S.A. ADR [ITUB] is -4.17% lower this YTD. Is it still time to buy?

Itau Unibanco Holding S.A. ADR [NYSE: ITUB] traded at a low on Friday, posting a 0.00 loss after which it closed the day’ session at $6.66. The company report on November 24, 2023 at 5:09 PM that Itaú Unibanco Holding S.A. – MATERIAL FACT – Payment of interest on capital.

ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved, at the meeting held on this date, the payment of interest on capital to stockholders, in the amount of R$ 0.24724 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$ 0.210154 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding, which will be made until April 30, 2024, as usually done by the Company, based on the final stockholding position recorded on December 06, 2023, with their shares traded ex-rights starting December 07, 2023.

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The results of the trading session contributed to over 22648211 shares changing hands. Over the past one week, the price volatility of Itau Unibanco Holding S.A. ADR stands at 1.29% while the volatility over the past one month is 1.44%.

The market cap for ITUB stock reached $32.25 billion, with 4.85 billion shares outstanding and 4.81 billion shares in the current float. Compared to the average trading volume of 14.36M shares, ITUB reached a trading volume of 22648211 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. ADR [ITUB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ITUB shares is $6.80 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 3.00. 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.

BofA Securities have made an estimate for Itau Unibanco Holding S.A. ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 16, 2024.

The Average True Range (ATR) for Itau Unibanco Holding S.A. ADR is set at 0.11, with the Price to Sales ratio for ITUB stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 1.78.

How has ITUB stock performed recently?

Itau Unibanco Holding S.A. ADR [ITUB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.49. With this latest performance, ITUB shares dropped by -0.84% in over the last four-week period, additionally plugging by 15.49% over the last 6 months – not to mention a rise of 36.61% 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 49.20, with the RSI for the last a single of trading hit 41.68, and the three-weeks RSI is set at 52.96 for Itau Unibanco Holding S.A. ADR [ITUB]. The present Moving Average for the last 50 days of trading for this stock 6.51, while it was recorded at 6.71 for the last single week of trading, and 5.75 for the last 200 days.

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

Itau Unibanco Holding S.A. ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.73.

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

With the latest financial reports released by the company, Itau Unibanco Holding S.A. ADR posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.30%. 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. ADR go to 11.10%.

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

The top three institutional holders of ITUB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ITUB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ITUB stock with ownership which is approximately 5.8325%.