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

Shares of Itau Unibanco Holding S.A. (NYSE:ITUB – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.87.

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Several analysts have commented on the stock. Wall Street Zen raised shares of Itau Unibanco to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. increased their target price on shares of Itau Unibanco from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. 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. 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. Finally, Weiss Ratings raised shares of Itau Unibanco from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th.

View Our Latest Stock Analysis on ITUB

Insider Buying and Selling

In other Itau Unibanco news, insider Vanzo Orestes sold 74,643 shares of the stock in a transaction on 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 directly owned 933,371 shares of the company’s stock, valued at approximately $7,821,648.98. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Institutional Trading of Itau Unibanco

Several hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Itau Unibanco during the 1st quarter valued at $59,000. EverSource Wealth Advisors LLC increased its holdings in Itau Unibanco by 16.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,441 shares of the bank’s stock worth $79,000 after acquiring an additional 1,306 shares during the last quarter. Resonant Capital Advisors LLC purchased a new stake in Itau Unibanco in the 1st quarter worth about $89,000. Farther Finance Advisors LLC increased its holdings in Itau Unibanco by 39.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,892 shares of the bank’s stock worth $110,000 after acquiring an additional 3,661 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Itau Unibanco by 8.6% in the 3rd quarter. GAMMA Investing LLC now owns 13,069 shares of the bank’s stock valued at $111,000 after acquiring an additional 1,031 shares during the period.

Itau Unibanco Trading Down 0.6%

NYSE ITUB opened at $9.45 on Friday. The stock has a market capitalization of $104.62 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.18 and a beta of 0.50. Itau Unibanco has a one year low of $6.63 and a one year high of $10.20. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.08 and a quick ratio of 1.08. The business’s fifty day moving average is $8.31 and its 200-day moving average is $8.29.

Itau Unibanco (NYSE:ITUB – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Itau Unibanco had a return on equity of 21.40% and a net margin of 26.41%. The company had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Equities research analysts predict that Itau Unibanco will post 0.88 EPS for the current year.

About Itau Unibanco

(Get Free Report)

Itaú Unibanco Holding SA is a Brazil-based financial services company and one of the largest private-sector banking groups in Latin America. Its shares trade on the New York Stock Exchange under the symbol ITUB, while its principal operations are based in Brazil.

The company provides a broad range of banking and financial products for individuals, businesses and institutional clients. Its services include checking and savings accounts, consumer and commercial lending, credit and debit cards, payments, insurance, investment products, wealth management, foreign exchange and investment banking.

Itaú Unibanco was created in 2008 through the merger of Banco Itaú and Unibanco.

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