Itau Unibanco Holding S.A. ADR (NYSE: ITUB) Is A Chance For Risk-Tolerant Investors

Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s traded shares stood at 2.81 million during the latest session, with the company’s beta value hitting 0.96. At the last check today, the stock’s price was $6.33, to imply a decrease of -3.65% or -$0.24 in intraday trading. The ITUB share’s 52-week high remains $7.09, putting it -12.01% down since that peak but still an impressive 21.96% since price per share fell to its 52-week low of $4.94. The company has a valuation of $30.60B, with an average of 25.08 million shares in intraday trading volume over the past 10 days and average of 18.51 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Itau Unibanco Holding S.A. ADR (ITUB), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give ITUB a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy.

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Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information

After registering a -3.65% downside in the latest session, Itau Unibanco Holding S.A. ADR (ITUB) has traded red over the past five days. The 5-day price performance for the stock is -6.18%, and -3.76% over 30 days. With these gigs, the year-to-date price performance is -6.54%. Short interest in Itau Unibanco Holding S.A. ADR (NYSE:ITUB) saw shorts transact 25.91 million shares and set a 1.38 days time to cover.

The extremes give us $4.5 and $8 for target low and target high price respectively. As such, ITUB has been trading -26.38% off suggested target high and 28.91% from its likely low.

Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts

Looking at statistics comparing Itau Unibanco Holding S.A. ADR share performance against respective industry, we note that the company has outperformed competitors. Itau Unibanco Holding S.A. ADR (ITUB) shares are -0.69% down over the last 6 months, with its year-to-date growth rate higher than industry average at 6.85% against 4.30%.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.71% for the past 5-year period. While 2024 is set for a 11.70% return in earnings, projections for the next 5 years are at 9.90% annually.

ITUB Dividends

Itau Unibanco Holding S.A. ADR has its next earnings report out on 2024-Nov-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Itau Unibanco Holding S.A. ADR has a forward dividend ratio of 0.22, with the share yield ticking at 3.47% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.12%.

Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s Major holders

The next major institution holding the largest number of shares is WESTWOOD GLOBAL INVESTMENTS, LLC with 59.44 million shares, or about 0.6038% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $347.13 million.