Inter & Co. Inc. (NASDAQ:INTR) Receives Average Rating of “Moderate Buy” from Analysts

Inter & Co. Inc. (NASDAQ:INTR) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.28.

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. The Goldman Sachs Group lowered their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. UBS Group lowered their target price on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Finally, Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th.

Inter & Co. Inc. Price Performance

INTR stock opened at $5.77 on Friday. The stock has a 50-day moving average price of $6.96 and a two-hundred day moving average price of $8.03. The stock has a market cap of $2.55 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.23 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. Inter & Co. Inc. has a 1 year low of $5.45 and a 1 year high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $437.96 million during the quarter, compared to analysts’ expectations of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. Equities analysts forecast that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Inter & Co. Inc. by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after acquiring an additional 1,303 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Inter & Co. Inc. by 15.3% in the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock valued at $134,000 after acquiring an additional 2,230 shares in the last quarter. Creative Planning grew its holdings in shares of Inter & Co. Inc. by 10.9% in the 2nd quarter. Creative Planning now owns 43,704 shares of the company’s stock valued at $325,000 after acquiring an additional 4,312 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Inter & Co. Inc. by 15,133.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after acquiring an additional 7,264 shares in the last quarter. Finally, Barclays PLC bought a new position in shares of Inter & Co. Inc. in the 4th quarter valued at about $63,000. Institutional investors own 22.90% of the company’s stock.

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.