Inter & Co. Inc. (NASDAQ:INTR) Stock Has Consensus Target Price of $9.56

Shares of Inter & Co. Inc. (NASDAQ:INTR) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.56.

Several research firms recently weighed in on INTR. JPMorgan Chase & Co. lifted their target price on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. UBS Group decreased their price target on 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th.

Inter & Co. Inc. Price Performance

Shares of INTR opened at $7.68 on Friday. Inter & Co. Inc. has a 1-year low of $4.97 and a 1-year high of $10.36. The stock has a market cap of $3.39 billion, a PE ratio of 11.64, a P/E/G ratio of 0.38 and a beta of 0.94. The firm has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $6.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. As a group, analysts forecast that Inter & Co. Inc. will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Inter & Co. Inc. by 16.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock worth $35,147,000 after buying an additional 904,682 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. boosted 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 period. SPX Gestao de Recursos Ltda boosted 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 period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in Inter & Co. Inc. in the 2nd quarter valued at approximately $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Inter & Co. Inc. by 7.5% in 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 buying an additional 170,649 shares during the period. Institutional investors and hedge funds 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 banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.