Susquehanna Increases NU (NYSE:NU) Price Target to $15.00

NU (NYSE:NU) had its price objective hoisted by equities research analysts at Susquehanna from $14.00 to $15.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 14.33% from the stock’s current price.

Several other equities research analysts also recently issued reports on NU. Barclays raised their target price on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average target price of $15.13.

NU Price Performance

NU stock opened at $13.12 on Wednesday. The stock has a market cap of $63.22 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The stock has a 50-day moving average price of $11.40 and a two-hundred day moving average price of $12.08. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 1 year low of $9.01 and a 1 year high of $16.15.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter in the previous year, the business earned $0.09 EPS. Equities analysts forecast that NU will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. NBC Securities Inc. increased its stake in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after acquiring an additional 2,860 shares during the last quarter. Piscataqua Savings Bank increased its stake in NU by 500.0% in 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. Capital Analysts LLC bought a new position in NU in the first quarter valued at approximately $31,000. TFC Financial Management Inc. increased its stake in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after acquiring an additional 1,325 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in NU in the first quarter valued at approximately $38,000. 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.