While Itau Unibanco Holding S.A. ADR has underperformed by -0.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ITUB rose by 56.87%, with highs and lows ranging from $7.27 to $4.09, whereas the simple moving average jumped by 15.89% in the last 200 days.
On January 16, 2024, BofA Securities Upgraded Itau Unibanco Holding S.A. ADR (NYSE: ITUB) to Buy. A report published by HSBC Securities on January 08, 2024, Downgraded its rating to ‘Hold’ for ITUB. Jefferies also rated ITUB shares as ‘Hold’, setting a target price of $6.10 on the company’s shares in an initiating report dated October 16, 2023. Barclays November 15, 2022d the rating to Overweight on November 15, 2022, and set its price target from $5.50 to $7. Goldman September 29, 2022d its ‘Neutral’ rating to ‘Buy’ for ITUB, as published in its report on September 29, 2022. JP Morgan’s report from February 11, 2022 suggests a price prediction of $5 for ITUB shares, giving the stock a ‘Overweight’ rating. Barclays also rated the stock as ‘Equal Weight’.
Analysis of Itau Unibanco Holding S.A. ADR (ITUB)
A return on investment can be expected regardless of ITUB’s performance over the next quarter with the dividend set at $0.09 per share. Further, the quarter-over-quarter increase in sales is 17.17%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Itau Unibanco Holding S.A. ADR’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 18.71% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ITUB is recording an average volume of 17.10M. On a monthly basis, the volatility of the stock is set at 2.00%, whereas on a weekly basis, it is put at 1.48%, with a loss of -0.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.80, showing decline from the present price of $6.86, which can serve as yet another indication of whether ITUB is worth investing in or should be passed over.
How Do You Analyze Itau Unibanco Holding S.A. ADR Shares?
A leading company in the Banks – Regional sector, Itau Unibanco Holding S.A. ADR (ITUB) is based in the Brazil. When comparing Itau Unibanco Holding S.A. ADR shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.19, there is a growth in quarterly earnings of 23.96%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.59%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 16.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ITUB shares are owned by institutional investors to the tune of 16.88% at present.
