Itau Unibanco Holding S.A. ADR [ITUB] stock prices are down -1.14% to $6.95 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ITUB shares have gain 1.51% over the last week, with a monthly amount glided 2.11%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 4, March 2024, Itaú Unibanco Holding S.A. – MATERIAL FACT – Payment of interest on capital. In a post published today on Yahoo Finance, ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved, at the meeting held on this date, the payment of interest on capital to stockholders, in the amount of R$ 0.2418 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$ 0.20553 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding, which will be made until August 31, 2024, as usually done by the Company, based on the final stockholding position recorded on March 21, 2024, with their shares traded ex-rights starting March 22, 2024.
From an analyst’s perspective:
Itau Unibanco Holding S.A. ADR [NYSE: ITUB] stock has seen the most recent analyst activity on January 16, 2024, when BofA Securities upgraded its rating to a Buy. Previously, HSBC Securities downgraded its rating to Hold on January 08, 2024. On October 16, 2023, Jefferies initiated with a Hold rating and assigned a price target of $6.10 on the stock. Barclays upgraded its rating to a Overweight and increased its price target to $7 on November 15, 2022. Goldman upgraded its rating to a Buy and raised its price target to $7 on September 29, 2022. JP Morgan upgraded its rating to Overweight for this stock on February 11, 2022, but kept the price target unchanged to $5. In a note dated January 24, 2022, Barclays initiated an Equal Weight rating and provided a target price of $4.50 on this stock.
The stock price of Itau Unibanco Holding S.A. ADR [ITUB] has been fluctuating between $4.09 and $7.27 over the past year. Currently, Wall Street analysts expect the stock to reach $5.75 within the next 12 months. Itau Unibanco Holding S.A. ADR [NYSE: ITUB] shares were valued at $6.95 at the most recent close of the market. An investor can expect a potential drop of -17.27% based on the average ITUB price forecast.
Analyzing the ITUB fundamentals
The Itau Unibanco Holding S.A. ADR [NYSE:ITUB] reported sales of 67.90B for trailing twelve months, representing a surge of 17.17%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.18 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.3.
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 6.90 points at the first support level, and at 6.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.02, and for the 2nd resistance point, it is at 7.09.
Itau Unibanco Holding S.A. ADR [ITUB] reported earnings per share of $0.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.19/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.19 per share as compared to estimates of $0.19 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Itau Unibanco Holding S.A. ADR [NYSE:ITUB]’s Current Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 10.33.
