KeyCorp Boosts NU (NYSE:NU) Price Target to $13.00

NU (NYSE:NU) had its price objective lifted by investment analysts at KeyCorp from $12.00 to $13.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 24.05% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Susquehanna boosted 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. TheStreet raised NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, UBS Group boosted their price target on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.00.

NU Stock Performance

NYSE NU opened at $10.48 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $11.26 and its two-hundred day moving average is $9.43. NU has a 12-month low of $4.69 and a 12-month high of $12.39. The stock has a market capitalization of $49.20 billion, a price-to-earnings ratio of 49.91, a PEG ratio of 0.51 and a beta of 1.08.

NU (NYSE:NU) last released its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm posted $0.03 EPS. Research analysts expect that NU will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Yousif Capital Management LLC lifted its stake in shares of NU by 5.5% during the 4th quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock worth $202,000 after purchasing an additional 1,261 shares during the period. AE Wealth Management LLC lifted its stake in shares of NU by 10.9% during the 3rd quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock worth $96,000 after purchasing an additional 1,299 shares during the period. Vident Advisory LLC increased its holdings in shares of NU by 6.2% during the 4th quarter. Vident Advisory LLC now owns 22,360 shares of the company’s stock worth $186,000 after buying an additional 1,315 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of NU by 10.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock worth $121,000 after buying an additional 1,330 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of NU by 4.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock worth $243,000 after buying an additional 1,364 shares during the last quarter. Hedge funds and other 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.