Brokerages Set Inter & Co. Inc. (NASDAQ:INTR) Price Target at $9.28

Inter & Co. Inc. (NASDAQ:INTR) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.28.

A number of research analysts have weighed in on the stock. Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $6.50 in a research note on Monday, May 18th. JPMorgan Chase & Co. lowered 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 report on Tuesday, May 12th. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. The Goldman Sachs Group cut their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Wednesday, June 24th.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in Inter & Co. Inc. by 170.8% in the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock valued at $130,466,000 after acquiring an additional 9,704,435 shares in the last quarter. Samlyn Capital LLC grew its stake in shares of Inter & Co. Inc. by 19.9% during the 3rd quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock worth $78,600,000 after acquiring an additional 1,415,601 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Inter & Co. Inc. by 62.7% in the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after purchasing an additional 2,981,210 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. lifted its position in shares of Inter & Co. Inc. by 1.1% in the first 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 in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Inter & Co. Inc. by 60.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after purchasing an additional 2,110,861 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Down 1.8%

Shares of Inter & Co. Inc. stock opened at $5.59 on Wednesday. The company has a market capitalization of $2.47 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $6.05 and a two-hundred day moving average of $7.66. Inter & Co. Inc. has a 1 year low of $5.16 and a 1 year high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data 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 return on equity of 14.34% and a net margin of 12.24%.The business had revenue of $437.95 million during the quarter, compared to analyst estimates of $495.33 million. As a group, equities analysts predict that Inter & Co. Inc. will post 0.77 EPS 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.