Itau CorpBanca (ITCB) Given $17.24 Average Price Target by Brokerages
Shares of Itau CorpBanca (NYSE:ITCB) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $17.24 for the company, according to Zacks. Zacks has also assigned Itau CorpBanca an industry rank of 60 out of 265 based on the ratings given to related companies.
Separately, Goldman Sachs Group Inc. assumed coverage on Itau CorpBanca in a report on Wednesday, June 22nd. They issued a “buy” rating and a $14.00 price target for the company.
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Institutional investors have recently added to or reduced their stakes in the company. Eagle Global Advisors LLC bought a new position in Itau CorpBanca during the second quarter worth $230,000. Barclays PLC bought a new position in Itau CorpBanca during the second quarter worth $101,000. Parametric Portfolio Associates LLC bought a new position in Itau CorpBanca during the second quarter worth $419,000. Allianz Asset Management AG bought a new position in Itau CorpBanca during the second quarter worth $5,729,000. Finally, Comerica Bank bought a new position in Itau CorpBanca during the second quarter worth $239,000. 1.09% of the stock is owned by institutional investors.
Shares of Itau CorpBanca (NYSE:ITCB) traded up 0.53% during trading on Wednesday, reaching $13.30. The company had a trading volume of 4,246 shares. Itau CorpBanca has a 52 week low of $10.58 and a 52 week high of $14.43. The firm has a 50-day moving average of $13.12 and a 200 day moving average of $12.86. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 8.87 and a beta of 1.03.
Itau CorpBanca Company Profile
CorpBanca (the Bank) is a banking company. The Bank operates through seven segments. The Large, Corporate and Real Estate Companies segment includes companies that belong to major economic groups and specific industries. The Companies segment includes a range of financial products and services, and leasing and factoring.
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