Inter & Co. Inc. (INTR) – What Are Researchers Thinking About This Stock?

Shares of Inter & Co. Inc. (NASDAQ:INTR) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $9.30.

Several research analysts have issued reports on INTR shares. Zacks Research lowered Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. JPMorgan Chase & Co. boosted their price objective on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. The Goldman Sachs Group set a $9.00 target price on Inter & Co. Inc. in a report on Thursday. Finally, UBS Group lifted their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a report on Tuesday, October 20th.

Inter & Co. Inc. Trading Up 0.5%

NASDAQ:INTR opened at $4.03 on Tuesday. Inter & Co. Inc. has a 12 month low of $3.92 and a 12 month high of $10.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.20 and a beta of 0.94. The firm has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $6.78.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. The business had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Analysts expect that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

Several large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of Inter & Co. Inc. by 16.2% during the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after buying an additional 904,682 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. raised 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 valued at $50,315,000 after buying an additional 67,500 shares during the last quarter. SPX Gestao de Recursos Ltda raised its position in Inter & Co. Inc. by 1,059.2% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after buying an additional 3,676,696 shares during the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new position in Inter & Co. Inc. during the 2nd quarter valued at $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Inter & Co. Inc. by 7.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company’s stock valued at $19,371,000 after acquiring an additional 170,649 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

About Inter & Co. Inc.

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter’s platform includes marketplace and shopping services, as well as travel-related offerings.