JPMorgan Chase & Co. Lowers NU (NYSE:NU) Price Target to $14.00

NU (NYSE:NU) had its price target decreased by JPMorgan Chase & Co. from $15.00 to $14.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp raised their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.47.

NU Trading Up 2.5 %

Shares of NU stock opened at $11.50 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 12-month low of $9.67 and a 12-month high of $16.15. The company has a market capitalization of $54.78 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 0.48 and a beta of 1.10. The firm’s 50-day moving average price is $11.92 and its two-hundred day moving average price is $13.23.

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

Institutional Investors Weigh In On NU

A number of institutional investors have recently added to or reduced their stakes in NU. Piscataqua Savings Bank raised its stake in shares of NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the last quarter. Orion Capital Management LLC acquired a new stake in NU in the fourth quarter valued at $50,000. TD Waterhouse Canada Inc. lifted its holdings in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. acquired a new position in NU during the 4th quarter worth about $52,000. Finally, Cliffwater LLC bought a new stake in shares of NU in the 4th quarter valued at about $57,000. 84.02% of the stock is 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.