KeyCorp Raises NU (NYSE:NU) Price Target to $17.00

NU (NYSE:NU) had its price objective increased by equities research analysts at KeyCorp from $15.00 to $17.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 20.95% from the company’s current price.

Several other research analysts have also weighed in on NU. Bank of America increased their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. Susquehanna restated a “positive” rating and issued a $16.00 price target on shares of NU in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Price Performance

Shares of NYSE:NU opened at $14.06 on Thursday. 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 business’s fifty day moving average price is $14.48 and its two-hundred day moving average price is $13.21. The stock has a market cap of $66.99 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. NU has a one year low of $7.74 and a one year high of $16.15.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 16.28% and a return on equity of 29.70%. The business 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 firm posted $0.05 earnings per share. On average, analysts forecast that NU will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

Several large investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Capital Research Global Investors boosted its holdings in shares of NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 in the last quarter. Finally, FMR LLC raised its holdings in NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after purchasing an additional 8,728,833 shares in the last quarter. Institutional investors and hedge funds 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.