In the latest trading session, 4.39 million Itau Unibanco Holding S.A. ADR (NYSE:ITUB) shares changed hands as the company’s beta touched 0.96. With the company’s most recent per share price at $6.78 changed hands at -$0.05 or -0.81% at last look, the market valuation stands at $32.75B. ITUB’s current price is a discount, trading about -5.31% off its 52-week high of $7.14. The share price had its 52-week low at $4.98, which suggests the last value was 26.55% up since then. When we look at Itau Unibanco Holding S.A. ADR’s average trading volume, we note the 10-day average is 21.82 million shares, with the 3-month average coming to 18.18 million.
Analysts gave the Itau Unibanco Holding S.A. ADR (ITUB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ITUB as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Itau Unibanco Holding S.A. ADR’s EPS for the current quarter is expected to be 0.19.
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Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Instantly ITUB was in red as seen in intraday trades today. With action 0.97%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.66%, with the 5-day performance at 0.97% in the green. However, in the 30-day time frame, Itau Unibanco Holding S.A. ADR (NYSE:ITUB) is 10.58% up. Looking at the short shares, we see there were 20.5 million shares sold at short interest cover period of 1.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 3.14% from its recent market value. According to analyst projections, ITUB’s forecast low is 4.5 with 8 as the target high. To hit the forecast high, the stock’s price needs a -17.99% plunge from its current level, while the stock would need to tank 33.63% for it to hit the projected low.
Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts
Data shows that the Itau Unibanco Holding S.A. ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.76% over the past 6 months, a 6.85% in annual growth rate that is considerably higher than the industry average of 4.00%. Year-over-year growth is forecast to reach 3.80% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 7.98B. 1 analysts are of the opinion that Itau Unibanco Holding S.A. ADR’s revenue for the current quarter will be 8.68B. The company’s revenue for the corresponding quarters a year ago was 8.09B and 8.27B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.40%. The estimates for the next quarter sales put growth at 4.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.71%. The 2024 estimates are for Itau Unibanco Holding S.A. ADR earnings to increase by 11.23%, but the outlook for the next 5-year period is at 9.90% per year.
ITUB Dividends
Itau Unibanco Holding S.A. ADR is expected to release its next quarterly earnings report on 2024-Nov-04. The 3.26% annual yield figure for the share gives it an annual dividend of 0.22. It is important to note, however, that the 3.26% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.17 per year.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s Major holders
WESTWOOD GLOBAL INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 0.6038% or 59.44 million shares worth $347.13 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were New World Fund, Inc. and JP Morgan Emerging Markets Equity Fund. With 23.45 shares estimated at $159.13 million under it, the former controlled 0.48% of total outstanding shares. On the other hand, JP Morgan Emerging Markets Equity Fund held about 0.41% of the shares, roughly 19.92 shares worth around $135.18 million.
