Inter & Co. Inc. (NASDAQ:INTR) Receives $8.32 Average PT from Brokerages

Shares of Inter & Co. Inc. (NASDAQ:INTR) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $8.32.

A number of equities analysts have recently issued reports on INTR shares. The Goldman Sachs Group increased their price objective on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $11.00 to $10.00 in a research report on Wednesday, November 19th. Finally, UBS Group boosted their target price on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a report on Thursday, October 16th.

Inter & Co. Inc. Price Performance

Shares of Inter & Co. Inc. stock opened at $8.81 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $8.74 and its 200-day simple moving average is $8.34. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 0.32 and a beta of 1.16. Inter & Co. Inc. has a 52 week low of $4.20 and a 52 week high of $10.22.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $396.89 million during the quarter, compared to analyst estimates of $2.14 billion. Inter & Co. Inc. had a net margin of 12.46% and a return on equity of 12.57%. As a group, analysts expect that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Inter & Co. Inc. by 0.3% during the second quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock worth $3,303,000 after purchasing an additional 1,303 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Inter & Co. Inc. in the 3rd quarter worth $35,000. Creative Planning grew its stake in Inter & Co. Inc. by 10.9% during the 2nd quarter. Creative Planning now owns 43,704 shares of the company’s stock worth $325,000 after buying an additional 4,312 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Inter & Co. Inc. by 1,281.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock valued at $42,000 after buying an additional 5,240 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Inter & Co. Inc. by 9.5% during the 2nd quarter. Legal & General Group Plc now owns 107,453 shares of the company’s stock valued at $799,000 after buying an additional 9,328 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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.