Inter & Co. Inc. (NASDAQ:INTR) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Inter & Co. Inc. (NASDAQ:INTR) from a buy rating to a hold rating in a research report released on Sunday.

A number of other research firms also recently issued reports on INTR. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. UBS Group dropped their price objective on shares of Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating on the stock in a report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price objective 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. Finally, The Goldman Sachs Group dropped 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 report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.23.

Inter & Co. Inc. Stock Performance

INTR opened at $5.85 on Friday. 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 company has a market cap of $2.58 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.24 and a beta of 1.02. The company’s 50 day moving average is $7.82 and its 200 day moving average is $8.48. Inter & Co. Inc. has a 12-month low of $5.76 and a 12-month high of $10.36.

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

Institutional Investors Weigh In On Inter & Co. Inc.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its stake 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 worth $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 worth approximately $63,000. Fideuram Asset Management Ireland dac bought a new stake in Inter & Co. Inc. during the 4th quarter worth approximately $92,000. State of Wyoming bought a new stake in Inter & Co. Inc. during the 4th quarter worth approximately $122,000. Finally, SG Americas Securities LLC bought a new stake in Inter & Co. Inc. during the 4th quarter worth approximately $123,000. Institutional investors own 22.90% of the company’s stock.

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.