Analysts Set Itau Unibanco Holding S.A. (NYSE:ITUB) Target Price at $9.25
Itau Unibanco Holding S.A. (NYSE:ITUB) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $9.25.
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 16th. Goldman Sachs Group Inc. raised shares of Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Finally, Credit Suisse Group AG raised shares of Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th.
Itau Unibanco Holding (NYSE:ITUB) opened at 11.83 on Wednesday. The firm’s 50 day moving average price is $11.11 and its 200 day moving average price is $9.75. Itau Unibanco Holding has a 12 month low of $5.48 and a 12 month high of $11.91. The stock has a market cap of $70.15 billion, a price-to-earnings ratio of 8.89 and a beta of 1.81.
Itau Unibanco Holding (NYSE:ITUB) last posted its earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a net margin of 23.21% and a return on equity of 19.19%. On average, equities research analysts predict that Itau Unibanco Holding will post $1.07 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which was paid on Wednesday, October 5th. Shareholders of record on Wednesday, October 5th were issued a $0.005 dividend. The ex-dividend date was Monday, October 3rd. Itau Unibanco Holding’s payout ratio is 4.10%.
A number of hedge funds have recently added to or reduced their stakes in ITUB. Raymond James & Associates acquired a new stake in Itau Unibanco Holding during the second quarter worth approximately $112,000. Global X Management Co. LLC increased its stake in Itau Unibanco Holding by 31.2% in the second quarter. Global X Management Co. LLC now owns 12,201 shares of the company’s stock worth $115,000 after buying an additional 2,898 shares during the last quarter. Atria Investments LLC acquired a new stake in Itau Unibanco Holding during the second quarter worth approximately $137,000. BOKF NA increased its stake in Itau Unibanco Holding by 3.2% in the second quarter. BOKF NA now owns 15,525 shares of the company’s stock worth $146,000 after buying an additional 476 shares during the last quarter. Finally, Advisor Group Inc. acquired a new stake in Itau Unibanco Holding during the second quarter worth approximately $165,000. Institutional investors own 4.64% of the company’s stock.
About Itau Unibanco Holding
Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.
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