Inter & Co. Inc. (NASDAQ:INTR) Receives Consensus Recommendation of “Hold” from Brokerages

Inter & Co. Inc. (NASDAQ:INTR) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.32.

INTR has been the subject of a number of research analyst reports. UBS Group increased their price target on Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a research report on Thursday, October 16th. Itau BBA Securities cut Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $11.00 to $10.00 in a research note on Wednesday, November 19th. The Goldman Sachs Group boosted their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th.

Inter & Co. Inc. Stock Performance

Shares of INTR stock opened at $8.77 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day moving average of $8.76 and a 200-day moving average of $8.32. Inter & Co. Inc. has a one year low of $4.20 and a one year high of $10.22. The company has a market cap of $3.86 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.33 and a beta of 1.16.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Inter & Co. Inc. had a net margin of 12.46% and a return on equity of 12.57%. The firm had revenue of $396.89 million during the quarter, compared to analyst estimates of $2.14 billion. Equities research analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC grew its stake in shares of Inter & Co. Inc. by 21.3% during the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after acquiring an additional 1,862,169 shares during the period. Samlyn Capital LLC lifted its holdings in Inter & Co. Inc. by 19.9% during the third quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock valued at $78,600,000 after purchasing an additional 1,415,601 shares during the last quarter. Wasatch Advisors LP bought a new position in Inter & Co. Inc. during the third quarter worth about $52,433,000. Marshall Wace LLP increased its stake in shares of Inter & Co. Inc. by 0.9% in the third quarter. Marshall Wace LLP now owns 4,753,265 shares of the company’s stock worth $43,873,000 after purchasing an additional 44,385 shares in the last quarter. Finally, Martin Currie Ltd. purchased a new position in shares of Inter & Co. Inc. in the second quarter worth about $28,040,000. Institutional investors own 22.90% of the company’s stock.

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.