The Goldman Sachs Group Forecasts Strong Price Appreciation for NU (NYSE:NU) Stock

NU (NYSE:NU) had its price target hoisted by analysts at The Goldman Sachs Group from $17.00 to $19.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 35.18% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday. KeyCorp raised their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. Bank of America raised their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NU currently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Down 7.5 %

NU stock opened at $14.06 on Thursday. The stock has a market cap of $66.99 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. The firm’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $13.21. NU has a fifty-two week low of $7.74 and a fifty-two week high of $16.15. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 29.70% and a net margin of 16.28%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, sell-side analysts predict that NU will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

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