Itau Unibanco Holding S.A. (NYSE:ITUB) saw a downside of -0.89% to close Tuesday at $5.57 after subtracting -$0.05 on the day. The 5-day average trading volume is 21,140,680 shares of the company’s common stock. It has gained $5.96 in the past week and touched a new high 1 time within the past 5 days. An average of 19,809,199 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 19,149,434.
ITUB’s 1-month performance is -5.21% or -$0.43 on its low of $5.50 reached on 08/08/23. The company’s shares have touched a 52-week low of $4.10 and high of $6.15, with the stock’s rally to the 52-week high happening on 07/24/23. YTD, ITUB has achieved 21.33% or $0.86 and has reached a new high 27 times. However, the current price is down -9.38% from the 52-week high price.
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Valuation Metrics
ITUB stock has a beta of 0.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.21 while the price-to-book (PB) in the most recent quarter is 1.56, with the price to cash flow ratio at 2.04.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.61, while the total debt to equity was 4.28. The firm’s gross profit as reported stood at $10.03 billion against revenue of $36.86 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 9.91% to $5.64 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected ITUB to announce $0.17 per share in earnings in its latest quarter, but it posted $0.18, representing a 5.90% surprise.
Let’s look briefly at Itau Unibanco Holding S.A. (ITUB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 28.77% to suggest the stock is trending oversold, with historical volatility in this time period at 19.04%.
The stock’s 5-day moving average is $5.71, reflecting a -6.23% or -$0.37 change from its current price. ITUB is currently trading -4.46% above its 20-day SMA, +26.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.15% and SMA200 by-0.18%.
Stochastic %K and %D was 4.90% and 16.30% and the average true range (ATR) pointed at 0.14. The RSI (14) points at 37.16%, while the 14-day stochastic is at 10.77% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at -0.20 and -0.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Itau Unibanco Holding S.A. (NYSE: ITUB), Barclays upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for ITUB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ITUB as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is ITUB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $7.15, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Itau Unibanco Holding S.A. (ITUB) stock is $6.79.
