Inter & Co. Inc. (NASDAQ:INTR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Inter & Co. Inc. (NASDAQ:INTR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $9.16.

Several equities research analysts have recently weighed in on INTR shares. Weiss Ratings downgraded Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. UBS Group cut their price objective on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research report on Tuesday, August 11th.

Inter & Co. Inc. Price Performance

INTR stock opened at $5.35 on Monday. Inter & Co. Inc. has a 12 month low of $5.04 and a 12 month high of $10.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $5.50 and a 200 day moving average price of $6.44. The stock has a market cap of $2.36 billion, a PE ratio of 8.11, a P/E/G ratio of 0.27 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. Equities research analysts anticipate that Inter & Co. Inc. will post 0.75 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

A number of large investors have recently made changes to their positions in INTR. Hsbc Holdings PLC purchased a new position in Inter & Co. Inc. in the 1st quarter worth about $1,849,000. Wellington Management Group LLP boosted its position in Inter & Co. Inc. by 16.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after buying an additional 904,682 shares during the period. William Blair Investment Management LLC grew its stake in Inter & Co. Inc. by 60.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after acquiring an additional 2,110,861 shares in the last quarter. Bank of America Corp DE increased its position in shares of Inter & Co. Inc. by 84.3% during the first quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock worth $11,849,000 after acquiring an additional 680,958 shares during the period. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in shares of Inter & Co. Inc. during the second quarter worth approximately $13,267,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

About Inter & Co. Inc.

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.