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

Inter & Co. Inc. (NASDAQ:INTR) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Three 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 target among brokerages that have updated their coverage on the stock in the last year is $9.28.

A number of research firms have issued reports on INTR. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. UBS Group reduced their price target on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Citigroup lowered Inter & Co. Inc. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings 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 valued at $11,849,000 after buying an additional 680,958 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Inter & Co. Inc. in the 1st quarter worth about $192,000. Squadra Investments Gestao DE Recursos LTDA. increased its position in Inter & Co. Inc. by 1.1% in the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock worth $50,315,000 after purchasing an additional 67,500 shares during the last quarter. Quantinno Capital Management LP increased its position in Inter & Co. Inc. by 15.3% in the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock worth $134,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Inter & Co. Inc. in the 1st quarter worth about $182,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR opened at $5.67 on Friday. The business has a 50 day moving average price of $7.18 and a two-hundred day moving average price of $8.14. Inter & Co. Inc. has a fifty-two week low of $5.64 and a fifty-two week high of $10.36. The firm has a market cap of $2.50 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.23 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07.

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

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.