NU (NYSE:NU) Price Target Raised to $19.00 at KeyCorp

NU (NYSE:NU) had its target price boosted by equities researchers at KeyCorp from $15.00 to $19.00 in a note issued to investors on Friday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 17.40% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, August 25th. Bank of America upped their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. upped their price target on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, Santander upgraded NU to a “neutral” rating in a report on Monday, August 25th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

NU Stock Up 3.8%

Shares of NYSE NU traded up $0.59 during midday trading on Friday, hitting $16.18. 32,667,253 shares of the stock traded hands, compared to its average volume of 52,884,723. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The business has a 50 day moving average price of $15.65 and a two-hundred day moving average price of $13.84. NU has a one year low of $9.01 and a one year high of $16.55. The company has a market cap of $77.99 billion, a PE ratio of 35.21, a P/E/G ratio of 0.83 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 29.91% and a net margin of 17.90%. On average, equities analysts predict that NU will post 0.58 EPS for the current year.

Hedge Funds Weigh In On NU

Several institutional investors have recently bought and sold shares of NU. Armstrong Advisory Group Inc. bought a new stake in NU during the second quarter worth approximately $27,000. Capital Analysts LLC purchased a new position in NU in the 1st quarter worth about $31,000. Jordan Park Group LLC raised its stake in shares of NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after acquiring an additional 1,104,421 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after buying an additional 1,920 shares during the period. Finally, Quaker Wealth Management LLC grew its holdings in NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after acquiring an additional 4,341 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.