The Goldman Sachs Group Lowers Inter & Co. Inc. (NASDAQ:INTR) Price Target to $11.50

Inter & Co. Inc. (NASDAQ:INTR) had its price target dropped by stock analysts at The Goldman Sachs Group from $13.00 to $11.50 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 77.47% from the stock’s current price.

INTR has been the topic of several other reports. Wall Street Zen downgraded Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. Finally, UBS Group reiterated a “buy” rating and issued a $12.00 price target on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.17.

Inter & Co. Inc. Trading Down 3.3%

NASDAQ:INTR opened at $6.48 on Friday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 10.80, a PEG ratio of 0.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. Inter & Co. Inc. has a one year low of $6.40 and a one year high of $10.36. The company’s 50-day simple moving average is $8.12 and its 200 day simple moving average is $8.61.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.76%. The business had revenue of $437.96 million during the quarter, compared to the consensus estimate of $495.33 million. As a group, analysts forecast that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of hedge funds have recently bought and sold shares of INTR. Farther Finance Advisors LLC bought a new position in Inter & Co. Inc. during the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 acquiring an additional 7,264 shares during the period. Barclays PLC purchased a new position in shares of Inter & Co. Inc. during the fourth quarter valued at approximately $63,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Inter & Co. Inc. during the fourth quarter valued at approximately $92,000. Finally, State of Wyoming bought a new position in Inter & Co. Inc. during the fourth quarter valued at approximately $122,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. News Summary

Here are the key news stories impacting Inter & Co. Inc. this week:

• Positive Sentiment: Inter&Co said it delivered a record first quarter, surpassing 44 million clients and R$50 billion in credit, reinforcing growth in its AI-powered super app strategy. Article title
• Positive Sentiment: Goldman Sachs kept a buy rating on Inter & Co. while lowering its price target to $11.50, still implying substantial upside from the current share price. Article title
• Neutral Sentiment: Analysts’ commentary and earnings-call materials are being reviewed by investors for clues on margins, customer growth, and execution of the company’s digital banking strategy. Article title
• Neutral Sentiment: Zacks noted that Inter & Co. matched EPS estimates at $0.17 and compared the stock with American Express for value investors, adding little immediate catalyst beyond the earnings update. Article title
• Negative Sentiment: Revenue missed estimates by a wide margin, suggesting near-term growth may be less robust than investors hoped and helping explain the stock’s weakness. Article title

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.