Itau Unibanco Holding S.A. ADR [NYSE: ITUB] traded at a high on Friday, posting a 1.53 gain after which it closed the day’ session at $6.64. The company report on January 22, 2024 at 8:32 AM that ITAÚ UNIBANCO 4Q23 Results.
On February 6th, at 10 a.m. (Brasília time) and 8 a.m. (EST), we will present our 4Q23 results in Portuguese and English, in an interactive meeting, with a Q&A session at the end.
To take part in the interactive meeting, register at the following link: https://live.popcast.com.br/itau/resultados4t23/Default_eng.aspx.
The results of the trading session contributed to over 9532258 shares changing hands. Over the past one week, the price volatility of Itau Unibanco Holding S.A. ADR stands at 2.10% while the volatility over the past one month is 1.55%.
The market cap for ITUB stock reached $32.15 billion, with 4.85 billion shares outstanding and 4.81 billion shares in the current float. Compared to the average trading volume of 14.94M shares, ITUB reached a trading volume of 9532258 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 0.12, 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 1.77.
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 -0.30. With this latest performance, ITUB shares dropped by -4.96% in over the last four-week period, additionally plugging by 14.95% over the last 6 months – not to mention a rise of 38.65% 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 50.33, with the RSI for the last a single of trading hit 48.65, and the three-weeks RSI is set at 52.50 for Itau Unibanco Holding S.A. ADR [ITUB]. The present Moving Average for the last 50 days of trading for this stock 6.57, while it was recorded at 6.54 for the last single week of trading, and 5.79 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%.
