Short Term Price Target on Itau Unibanco Banco Holding SA (ITUB)

Itau Unibanco Banco Holding SA (NYSE:ITUB) : 2 Wall Street analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB) believe that the average level the stock could reach for the short term is $7.5. The maximum price target given is $8 and the minimum target for short term is around $7, hence the standard deviation is calculated at $0.71.

Shares of Itau Unibanco Holding S.A. rose by 5.12% in the last five trading days and 15.54% for the last 4 weeks. Itau Unibanco Holding S.A. is up 7.74% in the last 3-month period. Year-to-Date the stock performance stands at 49.56%. Also, Equity Analysts at the HSBC downgrades the rating on Itau Unibanco Banco Holding SA (NYSE:ITUB). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 2, 2016.

Itau Unibanco Banco Holding SA (NYSE:ITUB) : The consensus on Itau Unibanco Banco Holding SA (NYSE:ITUB) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Itau Unibanco Banco Holding SA (NYSE:ITUB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.16 and $9.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.44, notching a gain of 3.51% for the day. The total traded volume was 19,901,742 . The stock had closed at $9.12 on the previous day.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.

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