Itau Unibanco Holding S.A. ADR (NYSE: ITUB) has a higher price-to-earnings ratio of 9.48x compared to its average ratio. ITUB has 36-month beta value of 0.98. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for ITUB is 4.82B, and currently, short sellers hold a 0.54% ratio of that float. The average trading volume of ITUB on May 07, 2024 was 17.93M shares.
ITUB) stock’s latest price update
Itau Unibanco Holding S.A. ADR (NYSE: ITUB)’s stock price has plunge by 0.63relation to previous closing price of 6.34. Nevertheless, the company has seen a 2.47% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that Itaú is the largest bank in Latin America, and is modernizing to face the competition generated by fintechs, such as Nu Holdings. It is worth remembering that banking operations in Brazil are complex, and even with competition from fintechs, Itaú has more than 100 years and a extensive know-how to operate credit. The company trades at a low P/E multiple of 7.5x, with expectations of excellent results and good dividends in 2024.
ITUB’s Market Performance
ITUB’s stock has risen by 2.47% in the past week, with a monthly drop of -1.49% and a quarterly drop of -2.78%. The volatility ratio for the week is 2.33% while the volatility levels for the last 30 days are 2.13% for Itau Unibanco Holding S.A. ADR The simple moving average for the past 20 days is 2.29% for ITUB’s stock, with a 4.58% simple moving average for the past 200 days.
Analysts’ Opinion of ITUB
Jefferies gave a rating of “Hold” to ITUB, setting the target price at $6.10 in the report published on October 16th of the previous year.
ITUB Trading at -2.94% from the 50-Day Moving Average
After a stumble in the market that brought ITUB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.48% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.86% lower at present.
During the last 5 trading sessions, ITUB rose by +2.41%, which changed the moving average for the period of 200-days by +8.32% in comparison to the 20-day moving average, which settled at $6.23. In addition, Itau Unibanco Holding S.A. ADR saw -7.35% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ITUB
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 1.0 for the gross margin
The net margin for Itau Unibanco Holding S.A. ADR stands at 0.17. The total capital return value is set at 0.05. Equity return is now at value 18.71, with 1.37 for asset returns.
Based on Itau Unibanco Holding S.A. ADR (ITUB), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 4.3. The interest coverage ratio of the stock is 0.5.
Currently, EBITDA for the company is -2.6 billion with net debt to EBITDA at 8.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.5. The receivables turnover for the company is 2.05for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To put it simply, Itau Unibanco Holding S.A. ADR (ITUB) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
