Nu Holdings Ltd. (NYSE:NU) Given Consensus Rating of “Moderate Buy” by Analysts

Nu Holdings Ltd. (NYSE:NUGet Free Report) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.40.

Several analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of NU in a report on Monday, October 16th. They issued a “buy” rating and a $10.80 target price for the company. TheStreet cut shares of NU from a “b-” rating to a “c” rating in a research report on Friday, January 12th. KeyCorp boosted their target price on NU from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. UBS Group increased their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Redburn Atlantic began coverage on NU in a research report on Wednesday, October 18th. They issued an “overweight” rating and a $11.00 price objective on the stock.

Read Our Latest Report on NU

Institutional Trading of NU

Several institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank increased its stake in NU by 1,232.5% in the third quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after acquiring an additional 3,833 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of NU by 37.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock valued at $48,000 after purchasing an additional 1,641 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of NU during the 1st quarter valued at about $48,000. Evergreen Capital Management LLC bought a new stake in NU in the 4th quarter worth approximately $48,000. Finally, WASHINGTON TRUST Co purchased a new stake in NU in the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 53.73% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $9.87 on Tuesday. NU has a twelve month low of $4.13 and a twelve month high of $9.96. The stock’s 50 day moving average is $8.76 and its 200-day moving average is $8.06. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of 123.39 and a beta of 0.93.

NU (NYSE:NUGet Free Report) last posted its earnings results on Tuesday, November 14th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. NU had a net margin of 5.26% and a return on equity of 16.21%. Sell-side analysts forecast that NU will post 0.24 EPS for the current fiscal year.

NU Company Profile

(Get Free Report

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.

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Analyst Recommendations for NU (NYSE:NU)

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