The shares of Itau Unibanco Holding S.A. (NYSE:ITUB) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on October 25th, 2018. Citigroup wasn’t the only research firm that published a report of Itau Unibanco Holding S.A., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on July 12th, 2017, to Neutral the ITUB stock. The stock had earned Neutral rating from Goldman when it published its report on July 20th, 2016. The stock was given Hold rating by HSBC Securities in its report released on June 2nd, 2016. Barclays was of a view that ITUB is Overweight in its latest report on April 27th, 2016. Citigroup thinks that ITUB is worth Sell rating. This was contained in the firm’s report on April 8th, 2016.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $8.93. The price of the stock the last time has raised by 41.41% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 53.48.
The shares of the company added by 0.66% during the trading session on Thursday, reaching a low of $8.78 while ending the day at $9.20. During the trading session, a total of 16.74 million shares were traded which represents a 31.63% incline from the average session volume which is 24.49M shares. ITUB had ended its last session trading at 9.14. Itau Unibanco Holding S.A. currently has a market cap of $84.32B, while its P/E ratio stands at 14.60, while its P/E earnings growth sits at 2.46, with a beta of 1.21. Itau Unibanco Holding S.A. debt-to-equity ratio currently stands at 4.21, while its quick ratio hovers at . ITUB 52-week low price stands at $6.51 while its 52-week high price is $10.80.
The company in its last quarterly report recorded $0.25 earnings per share which is below the $0.26 predicted by most analysts. The Itau Unibanco Holding S.A. generated $7,065.09 million in revenue during the last quarter, which is slightly lower than the $7,153.82 million predicted by analysts. In the second quarter last year, the firm recorded $0.27 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -8%. Itau Unibanco Holding S.A. has the potential to record 0.63 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on August 24th, 2018 where it informed investors and clients that Altaba Inc. (NASDAQ:AABA) is now rated as Overweight. Their price target on the stock stands at $88. JP Morgan also rated AABA as Downgrade on July 12th, 2017, with its price target of $47 suggesting that AABA could surge by 20.18% from its current share price. Even though the stock has been trading at $64.80/share, analysts expect it to surge higher by -1.45% to reach $80.00/share. It started the day trading at $63.93 and traded between $62.17 and $63.86 throughout the trading session.
A look at its technical shows that AABA’s 50-day SMA is 62.77 while its 200-day SMA stands at 70.70. The stock has a high of $82.45 for the year while the low is $55.76. The company’s P/E ratio currently sits at 2.26, while the P/B ratio is 0.82. The company’s average trading volume currently stands at 7.88M shares, which means that the short-interest ratio is just 2.63 days. Over the past seven days, the company moved, with its shift of -2.40%. Looking further, the stock has dropped -0.55% over the past 90 days while it lost -19.92% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Elliott Management Corp bought more AABA shares, increasing its portfolio by +13.14% during the last quarter. This move now sees Elliott Management Corp purchasing 2,909,870 shares in the last quarter, thus it now holds 25,057,849 shares of AABA, with a total valuation of $1,505,976,725. Farallon Capital Management LLC meanwhile bought more AABA shares in the recently filed quarter, changing its stake to $1,276,362,752 worth of shares. Merrill Lynch Pierce Fenner S followed the path by increasing its AABA portfolio by +83.01% in the quarter. This means that Merrill Lynch Pierce Fenner S bought 8,494,710 shares in the last quarter and now controls 18,727,784 shares of the AABA stock, with the valuation hitting $1,125,539,818.
Similarly, The Public Sector Pension Investm decreased its Altaba Inc. shares by -28.47% during the recently filed quarter. After selling -7,030,961 shares in the last quarter, the firm now controls 17,661,019 shares of Altaba Inc. which are valued at $1,061,427,242. In the same vein, HBK Investments LP increased its Altaba Inc. shares by during the most recent reported quarter. The firm bought 1,174,857 shares during the quarter which increased its stakes to 16,112,068 shares and is now valued at $968,335,287. Following these latest developments, around 10.35% of Altaba Inc. stocks are owned by institutional investors and hedge funds.