The Goldman Sachs Group Boosts NU (NYSE:NU) Price Target to $19.00

NU (NYSE:NU) had its price objective lifted by research analysts at The Goldman Sachs Group from $17.00 to $19.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 35.18% from the stock’s previous close.

A number of other research analysts have also commented on NU. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Trading Down 7.5 %

NYSE:NU opened at $14.06 on Thursday. The company has a market capitalization of $66.99 billion, a P/E ratio of 39.04, a P/E/G ratio of 0.71 and a beta of 1.13. The stock’s 50 day moving average price is $14.48 and its 200 day moving average price is $13.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. NU has a 52 week low of $7.74 and a 52 week high of $16.15.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a net margin of 16.28% and a return on equity of 29.70%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $0.05 EPS. On average, research analysts forecast that NU will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of NU during the 3rd quarter worth approximately $44,000. ORG Partners LLC acquired a new stake in NU in the 2nd quarter valued at $54,000. Finally, Toth Financial Advisory Corp bought a new stake in NU in the third quarter valued at $55,000. 80.90% of the stock is owned by institutional investors.

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.