Susquehanna Issues Positive Forecast for NU (NYSE:NU) Stock Price

NU (NYSE:NU) had its price target hoisted by analysts at Susquehanna from $16.00 to $18.00 in a report released on Thursday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 15.09% from the stock’s previous close.

Several other brokerages also recently issued reports on NU. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays increased their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average price target of $15.96.

NU Stock Performance

NYSE NU opened at $15.64 on Thursday. The firm has a market cap of $74.54 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 0.72 and a beta of 1.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. NU has a 1-year low of $7.74 and a 1-year high of $16.15. The company has a 50 day moving average of $14.45 and a 200-day moving average of $13.17.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities analysts forecast that NU will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares in the last quarter. GAMMA Investing LLC lifted its position in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU in the 3rd quarter worth $44,000. ORG Partners LLC bought a new position in NU during the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of NU in the 3rd quarter valued at about $55,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

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.