Weiss Ratings Reiterates "Hold (C+)" Rating for Itau Unibanco (NYSE:ITUB)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Itau Unibanco (NYSE:ITUB), indicating a cautious outlook on the stock.
• Analysts give Itau Unibanco a consensus rating of "Moderate Buy" with a price target of $6.27, while one analyst rates it as a Strong Buy.
• The bank's latest earnings report showed earnings per share (EPS) of $0.18, which met expectations, alongside a net margin of 14.05% and return on equity of 19.48%.

Itau Unibanco (NYSE:ITUB - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, UBS Group restated a "neutral" rating on shares of Itau Unibanco in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Itau Unibanco presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.27.

Itau Unibanco Price Performance

ITUB stock opened at $6.95 on Wednesday. The firm's 50-day moving average price is $6.99 and its two-hundred day moving average price is $6.51. Itau Unibanco has a 12-month low of $4.42 and a 12-month high of $7.45. The stock has a market capitalization of $74.93 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.03 and a beta of 0.84. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39.

Itau Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. The firm had revenue of $7.14 billion for the quarter, compared to analysts' expectations of $44.75 billion. As a group, equities analysts predict that Itau Unibanco will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Itau Unibanco

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fielder Capital Group LLC boosted its stake in Itau Unibanco by 10.0% during the first quarter. Fielder Capital Group LLC now owns 18,816 shares of the bank's stock worth $103,000 after acquiring an additional 1,710 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in Itau Unibanco by 10.7% during the first quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank's stock worth $110,000 after acquiring an additional 1,930 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in Itau Unibanco by 10.0% during the first quarter. Union Bancaire Privee UBP SA now owns 22,000 shares of the bank's stock worth $121,000 after acquiring an additional 2,000 shares in the last quarter. Hamilton Capital LLC boosted its stake in Itau Unibanco by 15.5% during the first quarter. Hamilton Capital LLC now owns 16,081 shares of the bank's stock worth $88,000 after acquiring an additional 2,163 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Itau Unibanco by 31.7% during the second quarter. Parallel Advisors LLC now owns 10,195 shares of the bank's stock worth $69,000 after acquiring an additional 2,455 shares in the last quarter.

About Itau Unibanco

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.

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