Are You Looking To Buy Itau Unibanco Holding S.A. (ITUB)? First, Read This

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Itau Unibanco Holding S.A. (NYSE:ITUB) finished Thursday with an addition of $0.2 to close at $5.60, an upside of 3.70 percent. An average of 43,130,238 shares of common stock have been traded in the last five days. There was a gain of $0.52 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 34,202,934 shares traded, while the 50-day average volume stands at 38,827,582.

ITUB stock has increased by 9.45% in the last month. The company shares reached their 1-month lowest point of $4.85 on 09/01/22. With the stock rallying to its 52-week high on 04/04/22, shares of the company touched a low of $3.54 and a high of $5.80 in 52 weeks. It has reached a new high 27 times so far this year and achieved 51.96% or $1.85 in price. In spite of this, the price is down -3.45% from the 52-week high.


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Valuation Metrics

Itau Unibanco Holding S.A. (ITUB) has a trailing price-to-earnings (P/E) ratio of 10.79. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.66, the price-to-book (PB) ratio at 1.83, and the price-to-cash flow ratio at 2.07.

The company has a payout ratio of 108.30%. The company’s most recent quarterly dividend payment was $0.0030 a share, without any change from last year. Its latest decrease dividend $0.0420 reported on Wednesday July 13 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.50 and a total debt to equity ratio of 4.08 for the quarter ending June 29. Its gross profit as reported stood at $11.11 billion compared to revenue of $23.95 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Itau Unibanco Holding S.A.’s return on assets was 1.30%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.08 billion in the quarter, while revenues were shrunk -271.65%. The analyst consensus anticipated Itau Unibanco Holding S.A.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.16, a 6.70% surprise. At the end of the quarter ending June 29, Itau Unibanco Holding S.A.’s stock balance sheet showed total debt was $715.83 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Itau Unibanco Holding S.A. (ITUB) price momentum. RSI 9-day as of the close on 22 September was 71.23%, suggesting the stock is Overbought, with historical volatility in this time frame at 39.21%.

As of today, ITUB’s price is $5.37 +10.24% or $0.52 from its 5-day moving average. ITUB is currently trading +8.95% higher than its 20-day SMA and +16.91% higher than its 100-day SMA. However, the stock’s current price level is +36.59% above the SMA50 and +38.61% above the SMA200.

The stochastic %K and %D were 88.26% and 84.13%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 94.89% and the average true range at 0.16, the RSI (14) stands at 67.76%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.28.

Analyst Ratings

JP Morgan upgraded Itau Unibanco Holding S.A. (NYSE: ITUB) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Itau Unibanco Holding S.A. (ITUB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ITUB, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is ITUB’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $7.20, with a median target of $5.80. Taking a look at these predictions, the average price target given by analysts for Itau Unibanco Holding S.A. (ITUB) stock is $5.95.

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