In a report released yesterday, Mario Pierry from Bank of America Securities maintained a Buy rating on Itau Unibanco (ITUB – Research Report), with a price target of $5.80. The company’s shares opened today at $4.95.
According to TipRanks, Pierry is a 4-star analyst with an average return of 21.5% and a 76.92% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Itau Unibanco with a $7.00 average price target.
See the top stocks recommended by analysts >>
Based on Itau Unibanco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $34.54 billion and a net profit of $7.46 billion. In comparison, last year the company earned a revenue of $31.51 billion and had a net profit of $8.4 billion
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brazil-based Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and internationally. It operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation.
