NU (NYSE:NU) PT Raised to $13.00 at KeyCorp

NU (NYSE:NU) had its price objective raised by investment analysts at KeyCorp from $12.00 to $13.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 19.21% from the stock’s current price.

Other analysts also recently issued reports about the company. UBS Group raised their price target on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, January 29th. TheStreet upgraded NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Finally, Susquehanna lifted their target price on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

NU Trading Up 2.8 %

NU stock opened at $10.91 on Monday. The firm has a fifty day moving average price of $11.30 and a 200 day moving average price of $9.48. NU has a fifty-two week low of $4.85 and a fifty-two week high of $12.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market cap of $51.20 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08.

NU (NYSE:NU) last posted its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business posted $0.03 earnings per share. Sell-side analysts anticipate that NU will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Institutional investors have recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of NU by 1,232.5% during the third quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after buying an additional 3,833 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in NU in the fourth quarter valued at about $52,000. UMB Bank n.a. purchased a new position in NU in the fourth quarter valued at about $55,000. WASHINGTON TRUST Co purchased a new position in NU in the third quarter valued at about $49,000. Finally, PNC Financial Services Group Inc. grew its stake in NU by 37.1% in the third quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after purchasing an additional 2,258 shares during the last quarter. Hedge funds and other 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.