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

NU (NYSE:NU) had its price objective boosted by KeyCorp from $15.00 to $17.00 in a report issued on Thursday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research firms have also weighed in on NU. Barclays raised their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research report on Friday, August 2nd. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Susquehanna reiterated a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Stock Down 7.2 %

Shares of NYSE NU traded down $1.09 during mid-day trading on Thursday, reaching $14.10. 46,030,177 shares of the company’s stock traded hands, compared to its average volume of 32,270,174. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. NU has a 1-year low of $7.74 and a 1-year high of $16.15. The stock has a market cap of $67.20 billion, a P/E ratio of 38.92, a PEG ratio of 0.71 and a beta of 1.13. The business has a 50-day simple moving average of $14.47 and a 200 day simple moving average of $13.19.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. NU had a return on equity of 29.70% and a net margin of 16.28%. During the same period in the prior year, the firm posted $0.05 EPS. On average, analysts expect that NU will post 0.41 EPS for the current fiscal year.

Institutional Trading of NU

Several hedge funds and other institutional investors have recently modified their holdings of NU. Baillie Gifford & Co. grew its stake in NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after acquiring an additional 27,420,994 shares during the last quarter. Jennison Associates LLC grew its position in NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after acquiring an additional 6,435,526 shares during the last quarter. State Street Corp raised its holdings in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Finally, FMR LLC increased its stake in shares of NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares during the period. Institutional investors own 80.90% of the company’s stock.

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.