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

Shares of Inter & Co. Inc. (NASDAQ:INTR) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.28.

Several research analysts have issued reports on INTR shares. UBS Group dropped their target price on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Weiss Ratings downgraded Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. The Goldman Sachs Group decreased their price target on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $6.50 in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. cut their price objective on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th.

Inter & Co. Inc. Price Performance

INTR stock opened at $5.60 on Friday. Inter & Co. Inc. has a 12 month low of $5.16 and a 12 month high of $10.36. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $5.65 and a 200 day moving average price of $7.29. The stock has a market cap of $2.47 billion, a PE ratio of 9.33, a P/E/G ratio of 0.23 and a beta of 0.95.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. The company had revenue of $437.95 million for the quarter, compared to the consensus estimate of $495.33 million. Equities research analysts anticipate that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INTR. Caitong International Asset Management Co. Ltd increased its stake in 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 worth $62,000 after buying an additional 7,264 shares during the period. Barclays PLC purchased a new stake in Inter & Co. Inc. in the 4th quarter valued at about $63,000. Fideuram Asset Management Ireland dac purchased a new stake in Inter & Co. Inc. in the 4th quarter valued at about $92,000. State of Wyoming bought a new position in Inter & Co. Inc. in the 4th quarter worth about $122,000. Finally, SG Americas Securities LLC bought a new position in Inter & Co. Inc. in the 4th quarter worth about $123,000. 22.90% of the stock is currently owned by institutional investors.

About Inter & Co. Inc.

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.