NU (NYSE:NU) Issues Earnings Results

NU (NYSE:NU) released its quarterly earnings data on Thursday. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12, Zacks reports. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion.

NU Trading Down 19.2 %

Shares of NU stock opened at $10.78 on Friday. The firm has a market capitalization of $51.35 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.48 and a beta of 1.10. NU has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a 50 day moving average of $11.92 and a 200 day moving average of $13.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NU. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.80.

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.