Inter & Co. Inc. (NASDAQ:INTR) Rating Lowered to Hold at Wall Street Zen

Inter & Co. Inc. (NASDAQ:INTR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities research analysts have also weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.67.

Inter & Co. Inc. Stock Performance

Shares of NASDAQ INTR opened at $7.71 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $8.80. Inter & Co. Inc. has a 52-week low of $4.86 and a 52-week high of $10.36. The stock has a market capitalization of $3.39 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.33 and a beta of 1.18.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $404.31 million for the quarter, compared to analysts’ expectations of $441.78 million. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%. As a group, sell-side analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new position in shares of Inter & Co. Inc. during the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd lifted its position in Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after purchasing an additional 7,264 shares during the period. Barclays PLC bought a new position in Inter & Co. Inc. during the 4th quarter valued at $63,000. Fideuram Asset Management Ireland dac bought a new position in Inter & Co. Inc. during the 4th quarter valued at $92,000. Finally, Scotia Capital Inc. acquired a new position in shares of Inter & Co. Inc. during the 2nd quarter valued at $99,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.