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

Shares of Inter & Co. Inc. (NASDAQ:INTR) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.16.

A number of brokerages recently commented on INTR. Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. Wall Street Zen downgraded Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. JPMorgan Chase & Co. cut their target price on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. The Goldman Sachs Group lowered their price target on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, UBS Group dropped their price target on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new stake in Inter & Co. Inc. during the 2nd quarter worth $13,267,000. Headlands Technologies LLC boosted its stake in Inter & Co. Inc. by 571.4% in the second quarter. Headlands Technologies LLC now owns 216,603 shares of the company’s stock valued at $1,176,000 after acquiring an additional 184,340 shares in the last quarter. Wellington Management Group LLP boosted its stake in Inter & Co. Inc. by 16.2% in the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after acquiring an additional 904,682 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Inter & Co. Inc. during the second quarter worth about $370,000. Finally, Bank of America Corp DE grew its holdings in shares of Inter & Co. Inc. by 84.3% during the first quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock worth $11,849,000 after purchasing an additional 680,958 shares during the last quarter. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co. Inc. Stock Down 2.0%

Shares of NASDAQ:INTR opened at $5.53 on Thursday. The firm’s 50 day moving average price is $5.47 and its 200 day moving average price is $6.82. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.22 and a beta of 0.95. Inter & Co. Inc. has a fifty-two week low of $5.04 and a fifty-two week high of $10.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The company had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. As a group, equities research analysts predict that Inter & Co. Inc. will post 0.79 earnings per share for the current fiscal 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.