NU (NYSE:NU) PT Raised to $13.00

NU (NYSE:NU) had its price objective hoisted by equities researchers at KeyCorp from $12.00 to $13.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 19.21% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna upped their price target on shares of NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Finally, UBS Group raised their target price on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.00.

NU Trading Up 2.8 %

NYSE NU opened at $10.91 on Monday. NU has a 1-year low of $4.85 and a 1-year high of $12.39. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $51.20 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. The firm’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $9.48.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the company posted $0.03 earnings per share. As a group, sell-side analysts anticipate that NU will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Several institutional investors have recently bought and sold shares of NU. Huntington National Bank increased its stake in shares of NU by 1,232.5% in the third quarter. Huntington National Bank now owns 4,144 shares of the company’s stock worth $30,000 after purchasing an additional 3,833 shares during the period. WASHINGTON TRUST Co bought a new position in shares of NU in the third quarter worth about $49,000. Tennessee Valley Asset Management Partners bought a new position in shares of NU in the fourth quarter worth about $52,000. UMB Bank n.a. bought a new position in shares of NU in the fourth quarter worth about $55,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of NU by 37.1% in the third quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after purchasing an additional 2,258 shares during the period. 80.90% of the stock is currently 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.