NU (NYSE:NU) Price Target Increased to $15.20 by Analysts at Jefferies Financial Group

NU (NYSE:NU) had its price target hoisted by Jefferies Financial Group from $10.80 to $15.20 in a report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on NU. KeyCorp upped their target price on NU from $12.00 to $13.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Susquehanna increased their price target on NU from $12.00 to $14.00 and gave the company a positive rating in a research note on Wednesday, May 15th. Finally, TheStreet raised NU from a c+ rating to a b rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, NU has an average rating of Moderate Buy and an average price target of $11.70.

NU Price Performance

NU stock opened at $12.69 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. NU has a 52 week low of $6.61 and a 52 week high of $12.97. The stock has a market capitalization of $60.48 billion, a P/E ratio of 48.81, a price-to-earnings-growth ratio of 0.59 and a beta of 1.13. The stock has a fifty day moving average of $11.62 and a 200-day moving average of $10.62.

NU (NYSE:NU) last issued its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. On average, sell-side analysts expect that NU will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of NU

Institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. increased its position in shares of NU by 401.5% during the third quarter. Itau Unibanco Holding S.A. now owns 1,143,834 shares of the company’s stock valued at $8,293,000 after acquiring an additional 915,773 shares during the last quarter. Morgan Stanley increased its position in NU by 7.1% in the third quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after buying an additional 4,044,904 shares during the last quarter. Hsbc Holdings PLC increased its position in NU by 39.0% in the third quarter. Hsbc Holdings PLC now owns 1,120,216 shares of the company’s stock worth $8,141,000 after buying an additional 314,131 shares during the last quarter. Raymond James & Associates increased its position in NU by 1,235.7% in the fourth quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock worth $3,096,000 after buying an additional 343,899 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in NU in the fourth quarter worth $309,000. 80.90% of the stock is owned by hedge funds and other 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.