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

NU (NYSE:NU) had its target price hoisted by equities researchers at KeyCorp from $15.00 to $17.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 20.95% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Susquehanna reiterated a “positive” rating and set a $16.00 price target on shares of NU in a report on Thursday, August 15th. Barclays upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Price Performance

NYSE NU opened at $14.06 on Thursday. The company has a 50 day simple moving average of $14.48 and a 200-day simple moving average of $13.21. The firm has a market capitalization of $66.99 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. NU has a 52-week low of $7.74 and a 52-week 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 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 29.70% and a net margin of 16.28%. During the same quarter in the previous year, the business posted $0.05 EPS. Equities research analysts predict that NU will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

A number of institutional investors have recently modified their holdings of the stock. M&T Bank Corp boosted its stake in shares of NU by 4.2% in the 3rd quarter. M&T Bank Corp now owns 417,467 shares of the company’s stock valued at $5,698,000 after purchasing an additional 16,812 shares during the last quarter. Adalta Capital Management LLC grew its position in shares of NU by 11.7% in the 3rd quarter. Adalta Capital Management LLC now owns 83,550 shares of the company’s stock valued at $1,140,000 after purchasing an additional 8,725 shares during the period. Barclays PLC increased its stake in NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock worth $13,718,000 after purchasing an additional 359,733 shares in the last quarter. LRI Investments LLC boosted its holdings in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in NU in the 3rd quarter worth $69,022,000. 80.90% of the stock is owned by institutional investors.

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.