The Goldman Sachs Group Increases NU (NYSE:NU) Price Target to $17.00

NU (NYSE:NU) had its price target hoisted by The Goldman Sachs Group from $15.00 to $17.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 26.77% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Susquehanna increased their price target on NU from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 15th. Jefferies Financial Group increased their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. KeyCorp increased their price target on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Barclays assumed coverage on NU in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $12.23.

NU Trading Up 1.2 %

Shares of NYSE NU opened at $13.41 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $63.91 billion, a P/E ratio of 51.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. NU has a 1-year low of $6.61 and a 1-year high of $13.59. The business has a fifty day moving average price of $12.09 and a 200 day moving average price of $10.98.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. Equities research analysts expect that NU will post 0.41 EPS for the current fiscal year.

Institutional Trading of NU

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. Stokes Family Office LLC grew its holdings in NU by 10.0% during the first quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock worth $131,000 after acquiring an additional 1,000 shares during the period. Yousif Capital Management LLC grew its holdings in NU by 5.5% during the fourth quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock worth $202,000 after acquiring an additional 1,261 shares during the period. Precision Wealth Strategies LLC grew its holdings in NU by 3.2% during the first quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock worth $495,000 after acquiring an additional 1,303 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in NU by 10.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock worth $121,000 after acquiring an additional 1,330 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Company Profile

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.