Over the past 52 weeks Itau Unibanco Holding S.A. (NYSE:ITUB) has embarked on a rally that has seen it rise 14.58% and is now up by 12.41% since start of this year. The equity price sank -1.08% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 2.53% gain over the past 30 days. Its equity price climbed by 33.08% over the past three months which led to its overall six-month increase to stand at 33.22%.
The shares of Itau Unibanco Holding S.A. (ITUB) dropped by -14.81% or -$1.6 from its last recorded high of $10.8 which it attained on January 26 to close at $9.2 per share. Over the past 52 weeks, the shares of Itau Unibanco Holding S.A. has been trading as low as $6.51 before witnessing a massive surge by 41.32% or $2.69. This price movement has led to the ITUB stock receiving more attention and has become one to watch out for. It jumped by 0.66% on Thursday and this got the market excited. The stock’s beta now stands at 1.21 and when compared to its 200-day moving average and its 50-day moving average, ITUB price stands 9.43% above and 6.14% above respectively. Its average daily volatility for this week is 3.06% which is more than the 2.84% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Itau Unibanco Holding S.A. with most of them predicting a $8.93 price target on a short-term (12 months) basis. The average price target by the analysts will see a -2.93% rise in the stock and would lead to ITUB’s market cap to surge to $81.89B. The stock has been rated an average 2.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 6 analysts that track Itau Unibanco Holding S.A. (NYSE:ITUB) and find out that 4 of them rated it as a Hold. 2 of the 2 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at ITUB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.48 point. Its trading volume has lost -7745429 shares compared to readings over the past three months as it recently exchanged 16744571 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 24490000 shares, and this is 0.68 times the normal volume.
The price of Thomson Reuters Corporation (NYSE:TRI) currently stands at $50.99 after it went down by $-0.01 or -0.02% and has found a strong support at $49.94 a share. If the TRI price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $48.9 mark would also be bad for the stock as it means that the stock would plunge by 4.1% from its current position. However, if the stock price is able to trade above the resistance point around $51.61, then it could likely surge higher to try and break the upward resistance which stands at $52.24 a share. Its average daily volatility over the past one month stands at 2.01%. The stock has plunged by 2.88% from its 52-weeks high of $49.52 which it reached on Dec. 04, 2018. In general, it is 28.75% above its 52-weeks lowest point which stands at $36.33 and this setback was observed on May. 11, 2018.
Analysts have predicted a price target for Thomson Reuters Corporation (TRI) for 1 year and it stands at an average $51.29/share. This means that it would likely increase by 0.59% from its current position. The current price of the stock has been moving between $49.52 and $51.19. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $37.45. On the other hand, one analyst is super bullish about the price, setting a target as high as $60.58.
The TRI stock Stochastic Oscillator (%D) is at 78.46%, which means that it is currently neutral. The shares P/S ratio stands at 3.69 which compares to the 3.28 recorded by the industry or the 44.56 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 40.31, which is lower than the 62.64 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -8.7% over the past five years.
Analysts view Thomson Reuters Corporation (NYSE:TRI) as a Hold, with 2.8 consensus rating. Reuters surveyed 16 analysts that follow TRI and found that 5 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 9 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Thomson Reuters Corporation (TRI) shares or sell it if they already own it.