Itaú Unibanco Holding S.A. (ITUB) Stock Price Hits Yearly Low Today

June 17, 2018 - By Linda Rogers

Itaú Unibanco Holding S.A. (NYSE:ITUB) Logo

The stock of Itaú Unibanco Holding S.A. (NYSE:ITUB) hit a new 52-week low and has $9.92 target or 4.00 % below today’s $10.33 share price. The 5 months bearish chart indicates high risk for the $60.95 billion company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $9.92 price target is reached, the company will be worth $2.44B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.28% or $0.23 during the last trading session, reaching $10.33. About 17.36M shares traded or 57.10% up from the average. Itaú Unibanco Holding S.A. (NYSE:ITUB) has risen 21.76% since June 17, 2017 and is uptrending. It has outperformed by 9.19% the S&P500.

Analysts await Itaú Unibanco Holding S.A. (NYSE:ITUB) to report earnings on July, 30. They expect $0.28 EPS, down 9.68 % or $0.03 from last year’s $0.31 per share. ITUB’s profit will be $1.65B for 9.22 P/E if the $0.28 EPS becomes a reality. After $0.30 actual EPS reported by Itaú Unibanco Holding S.A. for the previous quarter, Wall Street now forecasts -6.67 % negative EPS growth.

More news for Itaú Unibanco Holding S.A. (NYSE:ITUB) were recently published by: Seekingalpha.com, which released: “Itau: Examining The Worst-Case Scenario” on June 13, 2018. 247Wallst.com‘s article titled: “Brazilian Banks, Gold Miners Populate Friday’s 52-Week Low Club” and published on June 15, 2018 is yet another important article.

Ita?? Unibanco Holding S.A. provides a range of financial services and products to individuals and corporate clients in Brazil and internationally. The company has market cap of $60.95 billion. The firm operates in three divisions: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It has a 10.61 P/E ratio. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, and vehicle loans, as well as credit cards.

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