NU (NYSE:NU) Price Target Raised to $17.00 at KeyCorp

NU (NYSE:NU) had its price objective boosted by equities researchers at KeyCorp from $15.00 to $17.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 8.70% from the company’s current price.

NU has been the topic of a number of other research reports. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.96.

NU Stock Performance

NU opened at $15.64 on Thursday. The firm has a fifty day moving average price of $14.45 and a 200 day moving average price of $13.17. The stock has a market cap of $74.54 billion, a P/E ratio of 50.45, a P/E/G ratio of 0.72 and a beta of 1.13. NU has a 1 year low of $7.74 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business earned $0.05 EPS. Equities research analysts anticipate that NU will post 0.41 earnings per share for the current year.

Hedge Funds Weigh In On NU

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in NU by 179.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock worth $105,000 after purchasing an additional 5,672 shares during the last quarter. Hamilton Lane Advisors LLC raised its position in shares of NU by 97.8% during the 1st quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock valued at $5,974,000 after buying an additional 247,642 shares during the period. Oppenheimer & Co. Inc. acquired a new position in NU in the first quarter valued at approximately $133,000. US Bancorp DE grew its position in NU by 1,241.5% in the first quarter. US Bancorp DE now owns 226,036 shares of the company’s stock worth $2,697,000 after acquiring an additional 209,187 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in NU during the first quarter worth $130,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.