Stock Rating Downgrade
In the last week the Value Trend Rating for Itau Unibanco Holding SA (NYSE: ITUB) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Itau Unibanco Holding SA (NYSE: ITUB) stock enjoyed a large increase of 3.8% on 8/9/24. The stock closed at $6.27. Trading volume in this advance was normal. The stock has been weak relative to the market over the last nine months but has risen 7.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Itau Unibanco Holding has a very high Appreciation Score of 86 but a poor Power Rating of 27, resulting in the High Neutral Value Trend Rating.
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