NU (NYSE:NU) Posts Earnings Results, Meets Estimates

NU (NYSE:NU) announced its quarterly earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12, Zacks reports. NU had a net margin of 16.28% and a return on equity of 28.70%.

NU Stock Down 1.1 %

Shares of NU stock traded down $0.15 during trading on Thursday, reaching $13.33. The company’s stock had a trading volume of 43,048,364 shares, compared to its average volume of 35,510,980. The company has a market cap of $63.51 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. NU has a one year low of $9.67 and a one year high of $16.15. The business has a fifty day moving average price of $11.92 and a 200-day moving average price of $13.23. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

Analysts Set New Price Targets

A number of research firms have issued reports on NU. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.80.

NU Company Profile

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.