Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Itau Unibanco Holding SA (ADR) before investing.

In this article, we go over a few key elements for understanding Itau Unibanco Holding SA (ADR)’s stock price such as:

• Itau Unibanco Holding SA (ADR)’s current stock price and volume
• Why Itau Unibanco Holding SA (ADR)’s stock price changed recently
• Upgrades and downgrades for ITUB from analysts
• ITUB’s stock price momentum as measured by its relative strength

About Itau Unibanco Holding SA (ADR) (ITUB)

Before we jump into Itau Unibanco Holding SA (ADR)’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Itau Unibanco Holding S.A. is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies. The Wholesale Banking segment offers products and services to middle-market companies, high-net worth clients (Private Banking) and institutional clients. The Company's Activities with the Market + Corporation segment mainly manages the financial results associated with capital surplus, subordinated debt, and net debt of tax credits and debits. The Company provides banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations.

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Itau Unibanco Holding SA (ADR)’s Stock Price as of Market Close

As of August 13, 2024, 4:00 PM, CST, Itau Unibanco Holding SA (ADR)’s stock price was $6.55.

Itau Unibanco Holding SA (ADR) is up 4.13% from its previous closing price of $6.29.

During the last market session, Itau Unibanco Holding SA (ADR)’s stock traded between $6.28 and $6.35. Currently, there are 9,792.45 million shares of Itau Unibanco Holding SA (ADR) stock available for purchase.

Itau Unibanco Holding SA (ADR)’s price-earnings (P/E) ratio is currently at 9.2, which is low compared to the Banks industry median of 11.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Itau Unibanco Holding SA (ADR) Stock Price History

Itau Unibanco Holding SA (ADR)’s (ITUB) price is currently up 8.8% so far this month.

During the month of August, Itau Unibanco Holding SA (ADR)’s stock price has reached a high of $6.55 and a low of $5.62.

Over the last year, Itau Unibanco Holding SA (ADR) has hit prices as high as $7.27 and as low as $5.12. Year to date, Itau Unibanco Holding SA (ADR)’s stock is up 39.07%.

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What Caused Itau Unibanco Holding SA (ADR) Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 12, 2024, there was 1 analyst who downgraded Itau Unibanco Holding SA (ADR)’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Itau Unibanco Holding SA (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Itau Unibanco Holding SA (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Itau Unibanco Holding SA (ADR)’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Itau Unibanco Holding SA (ADR) (ITUB) by visiting AAII Stock Evaluator.

Relative Price Strength of Itau Unibanco Holding SA (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 12, 2024, Itau Unibanco Holding SA (ADR) has a weighted four-quarter relative price strength of -1.81%, which translates to a Momentum Score of 61 and is considered to be Strong.

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Itau Unibanco Holding SA (ADR) Stock Price: Bottom Line

As of August 13, 2024, Itau Unibanco Holding SA (ADR)’s stock price is $6.55, which is up 4.13% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Itau Unibanco Holding SA (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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