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

Shares of Inter & Co. Inc. (NASDAQ:INTR) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.28.

Several research firms have recently issued reports on INTR. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Wednesday, June 24th. Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $12.00 to $6.50 in a research report on Monday, May 18th. JPMorgan Chase & Co. reduced their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, UBS Group reduced their price objective on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research note on Wednesday, June 3rd.

Hedge Funds Weigh In On Inter & Co. Inc.

Several hedge funds have recently bought and sold shares of INTR. Royal Bank of Canada grew its stake in Inter & Co. Inc. by 1,446.7% during the first quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock valued at $364,000 after acquiring an additional 62,210 shares in the last quarter. Millennium Management LLC grew its stake in Inter & Co. Inc. by 94.4% during the first quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock valued at $11,580,000 after acquiring an additional 1,026,321 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Inter & Co. Inc. by 43.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock valued at $16,042,000 after acquiring an additional 891,939 shares in the last quarter. Jane Street Group LLC grew its stake in Inter & Co. Inc. by 502.0% during the first quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock valued at $7,845,000 after acquiring an additional 1,193,818 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Inter & Co. Inc. by 0.3% during the second 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. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Performance

NASDAQ INTR opened at $5.44 on Wednesday. The company’s 50 day moving average is $6.30 and its 200-day moving average is $7.75. Inter & Co. Inc. has a 12-month low of $5.16 and a 12-month high of $10.36. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.40 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 0.22 and a beta of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (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 $437.96 million for the quarter, compared to analyst estimates of $495.33 million. Sell-side analysts predict that Inter & Co. Inc. will post 0.77 earnings per share for the current 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.