Recent Performance of Itau Unibanco Holding S.A. (ITUB) Stock: A Closer Look

As of right now, Itau Unibanco Holding S.A. [ITUB] is trading at $5.63, down -0.18%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ITUB shares have gain 5.43% over the last week, with a monthly amount glided 4.33%, and seem to be holding up well over a long-time horizon.

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On 6, September 2023, ITAÚ UNIBANCO – Material Fact: Payment of Interest on Capital. In a post published today on Yahoo Finance, 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$ 0.2693 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$ 0.228905 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 September 18, 2023, with their shares traded ex-rights starting September 19, 2023.

From an analyst’s perspective:

Itau Unibanco Holding S.A. [NYSE: ITUB] stock has seen the most recent analyst activity on November 15, 2022, when Barclays upgraded its rating to a Overweight and also boosted its price target to $7 from $5.50.

Through the last year, Itau Unibanco Holding S.A.’s stock price ranged from $4.09 to $6.14. Currently, Wall Street analysts expect the stock to reach $6.99 within the next 12 months. Itau Unibanco Holding S.A. [NYSE: ITUB] shares were valued at $5.63 at the most recent close of the market. An investor can expect a potential return of 24.16% based on the average ITUB price forecast.

Analyzing the ITUB fundamentals

For Itau Unibanco Holding S.A., (ITUB), the latest quarter sales were 54.3 billion, which represents an 14.90% increase. To continue investigating profitability, this company’s Return on Assets is posted at 1.35, Equity is 18.52, Total Capital is 4.96, and Invested Capital is 7.26. An extended look at the Principal structure reveals enduring liabilities to the total capital of 81.22 and enduring liabilities to assets of 31.16.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.59 points at the first support level, and at 5.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.67, and for the 2nd resistance point, it is at 5.72.

Itau Unibanco Holding S.A. [ITUB] reported earnings per share of $0.18 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.01 and a surprise factor of 5.90%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.17 per share as compared to estimates of $0.17 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 1.46 and the P/E (TTM) ratio is 8.56.