NU (NYSE:NU) Price Target Increased to $13.00 by Analysts at KeyCorp

NU (NYSE:NU) had its price target lifted by KeyCorp from $12.00 to $13.00 in a report published on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on NU. UBS Group boosted their target price on shares of NU from $10.50 to $11.50 and gave the company a buy rating in a research note on Monday, January 29th. TheStreet upgraded shares of NU from a c+ rating to a b rating in a research note on Friday, March 8th. Finally, Susquehanna lifted their price target on shares of NU from $11.00 to $12.00 and gave the company a positive rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $10.00.

NU Trading Up 1.2 %

Shares of NU opened at $10.61 on Monday. NU has a twelve month low of $4.85 and a twelve month 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’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $9.45. The company has a market cap of $49.79 billion, a P/E ratio of 50.50, a P/E/G ratio of 0.51 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the business earned $0.03 EPS. As a group, analysts expect that NU will post 0.39 EPS for the current year.

Institutional Trading of NU

Several hedge funds and other institutional investors have recently bought and sold shares of NU. Raymond James Financial Services Advisors Inc. lifted its stake in shares of NU by 793.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 129,939 shares of the company’s stock worth $1,550,000 after purchasing an additional 115,389 shares during the last quarter. Raymond James & Associates raised its stake in shares of NU by 3.8% during the 1st quarter. Raymond James & Associates now owns 385,814 shares of the company’s stock worth $4,603,000 after acquiring an additional 14,085 shares in the last quarter. Financial Perspectives Inc lifted its position in NU by 11.8% during the first quarter. Financial Perspectives Inc now owns 25,584 shares of the company’s stock valued at $305,000 after acquiring an additional 2,692 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in NU by 22.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,159,477 shares of the company’s stock worth $121,203,000 after purchasing an additional 1,853,273 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of 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 in the last quarter. Institutional investors own 80.90% of the company’s stock.

About NU

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.