NU (NYSE:NU) Price Target Lowered to $14.00 at JPMorgan Chase & Co.

NU (NYSE:NU) had its price target reduced by JPMorgan Chase & Co. from $15.00 to $14.00 in a report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

NU has been the subject of several other research reports. Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NU presently has an average rating of “Hold” and a consensus price target of $15.47.

NU Price Performance

NU opened at $11.04 on Monday. NU has a 12 month low of $9.67 and a 12 month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $52.59 billion, a P/E ratio of 27.59, a P/E/G ratio of 0.48 and a beta of 1.10. The company has a fifty day simple moving average of $11.91 and a 200 day simple moving average of $13.25.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. On average, research analysts expect that NU will post 0.58 EPS for the current year.

Institutional Investors Weigh In On NU

Several large investors have recently made changes to their positions in the stock. Piscataqua Savings Bank lifted its stake in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of NU in the 4th quarter valued at about $50,000. TD Waterhouse Canada Inc. lifted its stake in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after purchasing an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. bought a new position in NU during the fourth quarter worth about $52,000. Finally, Cliffwater LLC acquired a new position in NU during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

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.