Itau Unibanco Holding S.A. (NYSE:ITUB) Stock Has Consensus Price Target of $9.87 According to Brokerages

Shares of Itau Unibanco Holding S.A. (NYSE:ITUB) have earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.87.

A number of research firms recently commented on ITUB. Weiss Ratings downgraded Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Wall Street Zen upgraded shares of Itau Unibanco to a “hold” rating in a research note on Saturday, October 17th. HSBC downgraded shares of Itau Unibanco from a “buy” rating to a “hold” rating and set a $9.10 target price for the company. in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $10.50 price target (up from $9.30) on shares of Itau Unibanco in a research note on Friday, October 9th.

Itau Unibanco Price Performance

Shares of ITUB opened at $7.52 on Wednesday. The company has a market capitalization of $83.28 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 0.92 and a beta of 0.58. Itau Unibanco has a fifty-two week low of $6.82 and a fifty-two week high of $10.20. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.51 and a quick ratio of 1.08. The business’s 50-day moving average is $8.45 and its 200-day moving average is $8.34.

Itau Unibanco (NYSE:ITUB) last released its earnings results on Tuesday, November 3rd. The bank reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Itau Unibanco had a return on equity of 21.45% and a net margin of 26.19%. Equities research analysts expect that Itau Unibanco will post 0.88 EPS for the current fiscal year.

Insider Activity at Itau Unibanco

In related news, insider Vanzo Orestes sold 74,643 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.38, for a total transaction of $625,508.34. Following the completion of the transaction, the insider owned 933,371 shares of the company’s stock, valued at approximately $7,821,648.98. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ITUB. GAMMA Investing LLC boosted its position in shares of Itau Unibanco by 8.6% in the third quarter. GAMMA Investing LLC now owns 13,069 shares of the bank’s stock worth $111,000 after buying an additional 1,031 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in shares of Itau Unibanco by 1.2% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 101,400 shares of the bank’s stock valued at $865,000 after buying an additional 1,227 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Itau Unibanco by 16.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,441 shares of the bank’s stock valued at $79,000 after buying an additional 1,306 shares during the period. Candriam S.C.A. raised its holdings in shares of Itau Unibanco by 3.0% during the 1st quarter. Candriam S.C.A. now owns 49,263 shares of the bank’s stock valued at $413,000 after buying an additional 1,434 shares during the period. Finally, Parallel Advisors LLC lifted its position in Itau Unibanco by 8.7% during the 3rd quarter. Parallel Advisors LLC now owns 18,251 shares of the bank’s stock worth $156,000 after acquiring an additional 1,456 shares in the last quarter.

Itau Unibanco Company Profile

Itaú Unibanco is a Brazilian financial services company headquartered in São Paulo. It was formed in 2008 through the merger of Banco Itaú and Unibanco and serves individuals, businesses and institutional clients. The company provides retail and commercial banking services, including deposit accounts, loans, credit cards and payment solutions. Its other activities include investment banking, asset and wealth management, insurance and related financial services. Itaú Unibanco operates primarily in Brazil and also has a presence in other markets in Latin America and internationally.