In yesterday’s Wall Street session, Itau Unibanco Holding S.A. ADR (NYSE:ITUB) shares traded at $6.22, up 0.16% from the previous session.
As of this writing, 2 analysts cover Itau Unibanco Holding S.A. ADR (NYSE:ITUB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.80 and a low of $6.10, we find $6.45. Given the previous closing price of $6.21, this indicates a potential upside of 3.86 percent. ITUB stock price is now 11.14% away from the 50-day moving average and 17.11% away from the 200-day moving average. The market capitalization of the company currently stands at $30.12B.
There are 2 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $6.45 as their price target over the next twelve months.
With the price target of $6.10, Jefferies recently initiated with Hold rating for Itau Unibanco Holding S.A. ADR (NYSE: ITUB).
A total of 0.59% of the company’s stock is owned by insiders.
Monday morning saw Itau Unibanco Holding S.A. ADR (NYSE: ITUB) opened at $6.25. During the past 12 months, Itau Unibanco Holding S.A. ADR has had a low of $4.05 and a high of $6.35. The fifty day moving average price for ITUB is $5.61 and a two-hundred day moving average price translates $5.40 for the stock.
The latest earnings results from Itau Unibanco Holding S.A. ADR (NYSE: ITUB) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.19, inline with analysts’ expectations of $0.19. This compares to $0.16 EPS in the same period last year. The net profit margin was 9.64% and return on equity was 18.75% for ITUB. The company reported revenue of $12.3 billion for the quarter, compared to $9.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.4 percent. For the current quarter, analysts expect ITUB to generate $8.45B in revenue.
Itau Unibanco Holding S.A. ADR(ITUB) Company Profile
Itaú Unibanco Holding S.A. offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies, as well as middle-market companies and high net worth clients. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. operates as a subsidiary of IUPAR – Itaú Unibanco Participações S.A.
