While Itau Unibanco Holding S.A. ADR has overperformed by 2.42%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ITUB fell by -13.17%, with highs and lows ranging from $7.08 to $5.25, whereas the simple moving average fell by -11.60% in the last 200 days.
On August 22, 2024, UBS Downgraded Itau Unibanco Holding S.A. ADR (NYSE: ITUB) to Neutral. A report published by Morgan Stanley on June 17, 2024, Upgraded its rating to ‘Overweight’ for ITUB. Jefferies initiated its ‘Hold’ rating for ITUB, as published in its report on October 16, 2023. Barclays’s report from November 15, 2022 suggests a price prediction of $7 for ITUB shares, giving the stock a ‘Overweight’ rating. Goldman also rated the stock as ‘Buy’.
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Analysis of Itau Unibanco Holding S.A. ADR (ITUB)
Investors in Itau Unibanco Holding S.A. ADR will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.04 per share. Further, the quarter-over-quarter decrease in sales is -4.42%, showing a negative trend in the upcoming months.
One of the most important indicators of Itau Unibanco Holding S.A. ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 20.51% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and ITUB is recording 21.58M average volume. On a monthly basis, the volatility of the stock is set at 1.80%, whereas on a weekly basis, it is put at 1.95%, with a gain of 2.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.50, showing growth from the present price of $5.50, which can serve as yet another indication of whether ITUB is worth investing in or should be passed over.
How Do You Analyze Itau Unibanco Holding S.A. ADR Shares?
The Banks – Regional market is dominated by Itau Unibanco Holding S.A. ADR (ITUB) based in the Brazil. When comparing Itau Unibanco Holding S.A. ADR shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.19, there is a growth in quarterly earnings of 9.11%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.59%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 18.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ITUB shares are owned by institutional investors to the tune of 18.97% at present.
