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

by · The Cerbat Gem

NU (NYSE:NU – Free Report) had its target price lifted by Susquehanna from $16.00 to $18.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a positive rating on the stock.

Several other research analysts have also commented on the stock. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. 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. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

Check Out Our Latest Stock Analysis on NU

NU Stock Down 7.2 %

Shares of NU stock traded down $1.09 on Thursday, hitting $14.10. 46,030,177 shares of the company’s stock traded hands, compared to its average volume of 32,270,174. The firm’s 50-day moving average is $14.47 and its 200 day moving average is $13.19. NU has a 52-week low of $7.74 and a 52-week 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 company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU – Get Free Report) last posted its quarterly earnings results 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. NU had a return on equity of 29.70% and a net margin of 16.28%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $0.05 EPS. Equities analysts anticipate that NU will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On NU

A number of hedge funds have recently made changes to their positions in NU. State Street Corp increased its holdings in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. Capital Research Global Investors raised its position in NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after purchasing an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. boosted its stake in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares during the last quarter. Finally, FMR LLC increased its stake in shares of NU by 16.4% in 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 in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Company Profile

(Get Free Report)

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.

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