Barclays Issues Pessimistic Forecast for NU (NYSE:NU) Stock Price

NU (NYSE:NU) had its price target reduced by stock analysts at Barclays from $17.00 to $15.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 33.38% from the stock’s current price.

A number of other brokerages have also commented on NU. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. dropped their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.47.

NU Stock Performance

NYSE:NU opened at $11.25 on Monday. The firm’s 50-day moving average is $11.90 and its 200-day moving average is $13.24. The company has a market cap of $53.60 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. NU has a 52-week low of $9.67 and a 52-week high of $16.15.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Equities research analysts anticipate that NU will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On NU

Large investors have recently bought and sold shares of the business. Cache Advisors LLC acquired a new position in NU in the fourth quarter worth $4,578,000. JT Stratford LLC raised its holdings in shares of NU by 1.2% in the fourth quarter. JT Stratford LLC now owns 177,546 shares of the company’s stock valued at $1,839,000 after buying an additional 2,085 shares during the last quarter. Orion Capital Management LLC acquired a new position in NU during the 4th quarter worth about $50,000. Adalta Capital Management LLC lifted its position in NU by 27.5% during the 4th quarter. Adalta Capital Management LLC now owns 106,500 shares of the company’s stock worth $1,103,000 after buying an additional 22,950 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in NU during the 4th quarter worth about $157,000. 84.02% of the stock is currently owned by institutional investors.

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.