Itau Unibanco Holding S.A. ADR [ITUB] stock is trading at $5.50, up 2.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ITUB shares have gain 2.80% over the last week, with a monthly amount drifted -9.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Itau Unibanco Holding S.A. ADR [NYSE: ITUB] stock has seen the most recent analyst activity on August 22, 2024, when UBS downgraded its rating to a Neutral. Previously, Morgan Stanley upgraded its rating to Overweight on June 17, 2024. On January 16, 2024, upgrade upgraded it’s rating to Buy. HSBC Securities downgraded its rating to a Hold. Jefferies initiated its recommendation with a Hold and recommended $6.10 as its price target on October 16, 2023. Barclays upgraded its rating to Overweight for this stock on November 15, 2022, and upped its price target to $7. In a note dated September 29, 2022, Goldman upgraded an Buy rating on this stock and boosted its target price from $5.40 to $7.
Itau Unibanco Holding S.A. ADR [ITUB] stock has fluctuated between $5.25 and $7.08 over the past year. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Itau Unibanco Holding S.A. ADR [NYSE: ITUB] shares were valued at $5.50 at the most recent close of the market. An investor can expect a potential return of 45.45% based on the average ITUB price forecast.
Analyzing the ITUB fundamentals
Itau Unibanco Holding S.A. ADR [NYSE:ITUB] reported sales of 66.14B for the trailing twelve months, which represents a drop of -4.42%. Gross Profit Margin for this corporation currently stands at 1.2% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.2 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.39.
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 5.44 points at the first support level, and at 5.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.55, and for the 2nd resistance point, it is at 5.59.
Ratios To Look Out For
For context, Itau Unibanco Holding S.A. ADR’s Current Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 7.19.
