NU (NYSE:NU) Price Target Raised to $18.00 at JPMorgan Chase & Co.

NU (NYSE:NU) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $17.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.87% from the company’s current price.

Other analysts have also issued research reports about the company. UBS Group lifted their price objective on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bank of America boosted their price target on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. KeyCorp lifted their target price on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average target price of $17.44.

NU Stock Performance

NU stock traded down $0.13 during mid-day trading on Thursday, reaching $15.54. The company had a trading volume of 28,544,170 shares, compared to its average volume of 52,818,836. The company has a quick ratio of 0.57, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a market cap of $74.86 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 0.77 and a beta of 1.08. The company has a 50 day moving average of $15.68 and a 200-day moving average of $13.95. NU has a 52 week low of $9.01 and a 52 week high of $16.55.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, sell-side analysts expect that NU will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On NU

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NU. Armstrong Advisory Group Inc. bought a new position in shares of NU in the second quarter valued at approximately $27,000. Quaker Wealth Management LLC boosted its stake in NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after purchasing an additional 4,341 shares in the last quarter. ORG Partners LLC grew its holdings in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the last quarter. Allworth Financial LP increased its stake in shares of NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after buying an additional 1,601 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of NU in the second quarter valued at about $36,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

About NU

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.