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

Shares of Inter & Co. Inc. (NASDAQ:INTR) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.48.

INTR has been the topic of a number of research reports. The Goldman Sachs Group lowered their price target on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup cut shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $6.50 in a report on Monday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th.

Institutional Investors Weigh In On Inter & Co. Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new stake in Inter & Co. Inc. during the 3rd quarter valued at $35,000. Caitong International Asset Management Co. Ltd raised its holdings in Inter & Co. Inc. by 15,133.3% during 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 during the period. Barclays PLC bought a new stake in Inter & Co. Inc. during the 4th quarter valued at $63,000. Fideuram Asset Management Ireland dac bought a new stake in Inter & Co. Inc. during the 4th quarter valued at $92,000. Finally, State of Wyoming bought a new stake in Inter & Co. Inc. during the 4th quarter valued at $122,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Trading Down 0.5%

NASDAQ:INTR opened at $5.82 on Tuesday. 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 stock has a market capitalization of $2.57 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.24 and a beta of 1.02. The firm’s 50 day moving average is $7.77 and its 200 day moving average is $8.46. Inter & Co. Inc. has a 12 month low of $5.64 and a 12 month high of $10.36.

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

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.