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Investors Take Advantage Of 1.23% Gain In Itau Unibanco Holding S.A. (NYSE: ITUB)

Itau Unibanco Holding S.A. (NYSE:ITUB) traded at $4.92 at last check on Tuesday, January 24, made an upward move of 1.23% on its previous day’s price.

Looking at the stock we see that its previous close was $4.86 and the beta (5Y monthly) reads 0.51 with the day’s price range being $4.83 – $4.99. The company has a trailing 12-month PE ratio of 8.60. In terms of its 52-week price range, ITUB has a high of $5.94 and a low of $3.76. The company’s stock has gained about 3.04% over that past 30 days.

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Itau Unibanco Holding S.A. has a market cap of $45.64 billion. With its Forward Dividend at 0.19 and a yield of 3.99%, the company’s investors could be anxious for the ITUB stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.16, with the EPS growth for the year raised at $0.61 for 2022 and $0.7 for next year. These figures represent 19.60% and 14.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.08 billion, with a low of $7.08 billion and a high of $7.08 billion. The median projection represents growth squeezing down to 11.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $26.84 billion, or 14.60% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ITUB stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Itau Unibanco Holding S.A. (ITUB) stock as a Hold, while 2 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the ITUB stock currently stands at 0.92, and the most recent price level today is 1.90% off its SMA20 and 3.14% from its 50-day simple moving average. The RSI (14) is pointing at 52.53 while the volatility over the past week is 2.89% and jumps to 2.85% over the past one month. The beta value is 0.67, while the average true range (ATR) is currently pointing at 0.17.

Let’s briefly compare Itau Unibanco Holding S.A. (ITUB) stock to its peers. We find that today’s price change of 1.23% and 19.82% over the past 12 months for ITUB competes that of Credicorp Ltd. (BAP), which has seen its stock price fall -0.80% in the latest trading session and is -0.09% over the last one year. Another of its peers Banco Santander S.A. (SAN) has dropped -0.45% today, and was -4.83% down over the past year, while Banco Bradesco S.A. (BBD) is also up 2.03% yet, while its price remains in the red at -18.53% over the same period. Itau Unibanco Holding S.A. has a P/E ratio of 8.60 compared to Credicorp Ltd.’s 9.37 and Banco Santander S.A.’s 5.44. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Itau Unibanco Holding S.A. (NYSE:ITUB), we note that the average 3-month trading volume was 43.04 million, while that of the preceding 10-day period stands at 29.43 million. Current shares outstanding are 9.80 billion.

The insiders hold 52.10% of the company’s shares while institutions hold 18.10%. The data shows that short shares as of Dec 29, 2022, stood at 29.18 million at a short ratio of 0.8. This represents a 0.30% short interest in shares outstanding on Dec 29, 2022. Shares short fall in December from the previous month at 35.39 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 3.18% up in year-to-date price movement.

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