NU (NYSE:NU) Price Target Lowered to $15.00 at Barclays

NU (NYSE:NU) had its price target reduced by investment analysts at Barclays from $17.00 to $15.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 39.21% from the stock’s current price.

Several other analysts also recently commented on the company. The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report 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 report on Monday, December 2nd. Finally, Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.47.

NU Stock Down 19.2 %

NU stock opened at $10.78 on Monday. The stock’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $13.26. NU has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $51.35 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Piscataqua Savings Bank grew its holdings in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares during the period. Orion Capital Management LLC bought a new position in NU in the 4th quarter valued at approximately $50,000. TD Waterhouse Canada Inc. lifted its position in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after acquiring an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. bought a new position in NU in the 4th quarter valued at approximately $52,000. Finally, Cliffwater LLC bought a new position in NU in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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.