Itau Unibanco Holding S.A. (NYSE: ITUB) is 51.96% higher on its value in year-to-date trading and has touched a low of $3.54 and a high of $5.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ITUB stock was last observed hovering at around $5.40 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $5.60, the stock is 8.60% and 15.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 46.28 million and changing 3.70% at the moment leaves the stock 19.17% off its SMA200. ITUB registered 35.15% gain for a year compared to 6-month loss of 1.97%.
The stock witnessed a 9.45% gain in the last 1 month and extending the period to 3 months gives it a 28.48%, and is 10.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.98% over the week and 2.78% over the month.
Itau Unibanco Holding S.A. (ITUB) has around 100600 employees, a market worth around $51.20B and $30.90B in sales. Current P/E ratio is 10.79 and Fwd P/E is 8.06. Profit margin for the company is 16.50%. Distance from 52-week low is 58.30% and -3.45% from its 52-week high. The company has generated returns on investments over the last 12 months (4.40%).
Itau Unibanco Holding S.A. (ITUB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Itau Unibanco Holding S.A. (ITUB) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Itau Unibanco Holding S.A. is expected to release its quarterly report on 11/10/2022.The EPS is expected to grow by 41.20% this year
Itau Unibanco Holding S.A. (ITUB) Top Institutional Holders
The shares outstanding are 9.80B, and float is at 5.30B with Short Float at 0.62%.
Itau Unibanco Holding S.A. (ITUB): Who are the competitors?
The company’s main competitors (and peers) include Credicorp Ltd. (BAP) that is trading 21.58% up over the past 12 months and Banco Santander S.A. (SAN) that is -27.59% lower over the same period. Banco Bradesco S.A. (BBD) is 16.95% up on the 1-year trading charts.