Recent exceptional positive changes in investment behavior have benefitted Itau Unibanco Holding SA (NYSE: ITUB): its shorter term price trend turned up, and positive upside/downside volume developed.
Itau Unibanco Holding SA (NYSE: ITUB) has benefited from notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ITUB is expected to continue to be a major Value Builder.
Itau Unibanco Holding has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Itau Unibanco Holding has a slightly positive Appreciation Score of 69 and a good Power Rating of 78, triggering the Highest Value Trend Rating.
Recent Price Action
On 11/8/23, Itau Unibanco Holding SA (NYSE: ITUB) stock declined modestly by -0.5%, closing at $5.90. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.1% during the last week.
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