Itau Unibanco Holding S.A. [ITUB] Is Still Undervalued at $5.73

Itau Unibanco Holding S.A. [ITUB] stock is up 7.10 while the S&P 500 has risen 1.11% on Tuesday, 12/01/20. While at the time of this article, ITUB ATR is sitting at 0.22, with the beta value at 1.00. This stock’s volatility for the past week remained at 3.45%, while it was 3.34% for the past 30-day period. ITUB has risen $0.38 from the previous closing price of $5.35 on volume of 58.05 million shares.

On 30, November 2020, Itaú Unibanco Selects AWS as Its Long-Term Strategic Cloud Provider to Accelerate Digital Transformation. According to news published on Yahoo Finance, Latin America’s largest bank leverages the breadth and depth of AWS to increase agility and efficiency, enhance its security posture, and accelerate delivery of customer-centric financial services .

Analyst Birdseye View:

The most recent analyst activity for Itau Unibanco Holding S.A. [NYSE:ITUB] stock was on April 06, 2020, when it was Upgrade with a Buy rating from Goldman. On April 01, 2020, UBS Upgrade a Buy rating. On November 21, 2019, UBS Downgrade a Neutral rating. On November 19, 2019, JP Morgan Downgrade a Neutral rating. On August 27, 2019, Citigroup Upgrade a Buy rating. On August 07, 2019, Morgan Stanley Upgrade an Overweight rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.47 and a peak of $9.23. Right now, according to Wall Street analyst the average 12-month amount target is $5.99. At the most recent market close, shares of Itau Unibanco Holding S.A. [NYSE:ITUB] were valued at $5.73. According to the average price forecast, investors can expect a potential return of 7.43%.

FUNDAMENTAL ANALYSIS

Itau Unibanco Holding S.A. [NYSE:ITUB] most recently reported quarterly sales of 28.38 billion, which represented growth of -24.20%. This publicly-traded organization’s revenue is $2,147,474 per employee, while its income is $285,400 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.69, 19.81, 4.79 and 8.08 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 79.86 and the whole liability to whole assets at 33.03. It shows enduring liability to the whole principal at 28.17 and enduring liability to assets at 0.12 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.56 points at 1st support level, the second support level is making up to 5.39. But as of 1st resistance point, this stock is sitting at 5.86 and at 5.99 for 2nd resistance point.

Itau Unibanco Holding S.A. [ITUB] reported its earnings at $0.1 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.09/share signifying the difference of 0.01 and 11.10% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.04 calling estimates for $0.09/share with the difference of -0.05 depicting the surprise of -55.60%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.78, it’s amount to book ratio is 2.64 and showing 16.14 of P/E (TTM) ratio.