During the last session, Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s traded shares were 29.94 million, with the beta value of the company hitting 0.93. At the end of the trading day, the stock’s price was $5.46, reflecting an intraday loss of -0.18% or -$0.01. The 52-week high for the ITUB share is $7.01, that puts it down -28.39 from that peak though still a striking 10.99% gain since the share price plummeted to a 52-week low of $4.86. The company’s market capitalization is $26.46B, and the average intraday trading volume over the past 10 days was 22.61 million shares, and the average trade volume was 25.93 million shares over the past three months.
Itau Unibanco Holding S.A. ADR (ITUB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ITUB has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.19.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Itau Unibanco Holding S.A. ADR (ITUB) registered a -0.18% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.18% in intraday trading to $5.46, hitting a weekly high. The stock’s 5-day price performance is 1.87%, and it has moved by 8.83% in 30 days. Based on these gigs, the overall price performance for the year is -12.31%. The short interest in Itau Unibanco Holding S.A. ADR (NYSE:ITUB) is 25.06 million shares and it means that shorts have 0.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.8, which implies an increase of 19.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.8 and $6.8 respectively. As a result, ITUB is trading at a discount of -24.54% off the target high and -24.54% off the low.
Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts
Statistics show that Itau Unibanco Holding S.A. ADR has underperformed its competitors in share price, compared to the industry in which it operates. Itau Unibanco Holding S.A. ADR (ITUB) shares have gone down -9.13% during the last six months, with a year-to-date growth rate less than the industry average at 4.11% against 6.20. In the rating firms’ projections, revenue will increase 6.89% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 43.64B as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 44.13B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 36.9B and 40.4B respectively. In this case, analysts expect current quarter sales to grow by 18.28% and then jump by 9.23% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.71%. While earnings are projected to return 3.64% in 2025.
ITUB Dividends
Itau Unibanco Holding S.A. ADR is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Itau Unibanco Holding S.A. ADR is 0.22, with the dividend yield indicating at 3.98 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.09%.
The next largest institutional holding, with 59.44 million shares, is of WESTWOOD GLOBAL INVESTMENTS, LLC’s that is approximately 0.6038% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $347.13 million.
Also, the Mutual Funds coming in first place with the largest holdings of Itau Unibanco Holding S.A. ADR (ITUB) shares are Fidelity Series Emerging Markets Opportunities Fund and New World Fund, Inc. . Data provided on Nov 30, 2024 indicates that Fidelity Series Emerging Markets Opportunities Fund owns about 35.16 shares. This amounts to just over 0.73 percent of the company’s overall shares, with a $191.96 million market value. The same data shows that the other fund manager holds slightly less at 23.29, or about 0.48% of the stock, which is worth about $127.17 million.
