NU (NYSE:NU) Given New $17.00 Price Target at KeyCorp

NU (NYSE:NU - Get Free Report) had its price objective lifted by investment analysts at KeyCorp from $15.00 to $17.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's price target would indicate a potential upside of 13.03% from the company's previous close.

Several other analysts have also recently commented on the stock. Barclays boosted their price target on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, August 16th. UBS Group downgraded NU from a "buy" rating to a "neutral" rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Susquehanna reaffirmed a "positive" rating and issued a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. Bank of America increased their target price on NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.21.

NU Stock Performance

Shares of NU stock traded down $0.60 during mid-day trading on Thursday, reaching $15.04. 81,232,785 shares of the company's stock traded hands, compared to its average volume of 32,146,225. The firm has a 50 day moving average price of $14.45 and a two-hundred day moving average price of $13.17. NU has a 12 month low of $7.74 and a 12 month high of $16.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $71.68 billion, a PE ratio of 46.19, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13.

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

Institutional Investors Weigh In On NU

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV raised its holdings in shares of 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 acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its position in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $29,000 after acquiring an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU during the 3rd quarter worth $44,000. ORG Partners LLC bought a new stake in NU during the second quarter valued at about $54,000. Finally, Toth Financial Advisory Corp purchased a new position in NU in the third quarter valued at about $55,000. 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.