NU (NYSE:NU) Given New $19.00 Price Target at KeyCorp

NU (NYSE:NU) had its price objective boosted by KeyCorp from $15.00 to $19.00 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 17.40% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, August 25th. Bank of America lifted their price target on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Monday, August 18th. UBS Group raised their price objective on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Susquehanna upped their target price on NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.33.

NU Price Performance

Shares of NU traded up $0.59 during mid-day trading on Friday, hitting $16.18. The company’s stock had a trading volume of 32,667,253 shares, compared to its average volume of 52,884,723. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $77.99 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 0.83 and a beta of 1.08. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.55. The firm has a 50-day moving average price of $15.65 and a 200 day moving average price of $13.84.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, research analysts predict that NU will post 0.58 EPS for the current fiscal year.

Institutional Trading of NU

Several institutional investors have recently modified their holdings of NU. Armstrong Advisory Group Inc. acquired a new position in shares of NU in the 2nd quarter worth approximately $27,000. Quaker Wealth Management LLC lifted its holdings in shares of NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after purchasing an additional 4,341 shares in the last quarter. ORG Partners LLC raised its holdings in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares in the last quarter. Allworth Financial LP lifted its stake in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of NU in the second quarter valued at about $36,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

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.