NU (NYSE:NU) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group raised its price target for NU (NYSE:NU) from $14.30 to $15.60, indicating a potential upside of 5.58% from the previous close.
• Several analysts have issued upgraded ratings for NU, with Itau BBA Securities setting a target price of $18.00 and Bradesco Corretora set at $17.00.
• NU reported $0.14 EPS for the last quarter, surpassing expectations, although revenue came in below estimates at $3.70 billion.

NU (NYSE:NU - Get Free Report) had its price target hoisted by equities researchers at UBS Group from $14.30 to $15.60 in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target would indicate a potential upside of 5.79% from the stock's current price.

Other analysts also recently issued research reports about the stock. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a research note on Monday, August 18th. Citigroup raised shares of NU from a "sell" rating to a "buy" rating and lifted their price target for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Santander raised shares of NU to a "neutral" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Finally, Bank of America boosted their price objective on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.06.

NU Trading Down 0.8%

Shares of NYSE:NU traded down $0.12 during trading hours on Tuesday, hitting $14.75. 49,800,685 shares of the company's stock traded hands, compared to its average volume of 54,683,128. NU has a 1 year low of $9.01 and a 1 year high of $16.15. The business has a fifty day moving average price of $13.31 and a 200-day moving average price of $12.24. The firm has a market capitalization of $71.06 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities analysts expect that NU will post 0.58 earnings per share for the current year.

Institutional Trading of NU

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new stake in NU during the 2nd quarter worth about $27,000. Quaker Wealth Management LLC lifted its position in NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company's stock worth $32,000 after acquiring an additional 4,341 shares during the period. ORG Partners LLC lifted its position in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after acquiring an additional 1,920 shares during the period. Allworth Financial LP lifted its position in NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company's stock worth $35,000 after acquiring an additional 1,601 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in NU during the 2nd quarter worth about $36,000. Institutional investors and hedge funds 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.