Inter & Co. Inc. (NASDAQ:INTR) Given New $11.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Inter & Co.’s price target from $9.00 to $11.00 and maintained an “overweight” rating, implying 56.58% potential upside from the $7.03 share price.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $9.56; UBS separately maintained a “buy” rating despite lowering its target to $8.80.
• Inter & Co. reported quarterly EPS of $0.19, slightly ahead of the $0.18 estimate, though revenue of $475.45 million fell short of the $513.31 million consensus forecast. Institutional investors and hedge funds own 22.9% of the stock.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) had its price target upped by analysts at JPMorgan Chase & Co. from $9.00 to $11.00 in a report released on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 56.58% from the company's current price.

A number of other research analysts also recently issued reports on the company. UBS Group dropped 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. Weiss Ratings downgraded Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.56.

Inter & Co. Inc. Stock Performance

INTR traded up $0.47 on Tuesday, reaching $7.03. The company had a trading volume of 8,850,651 shares, compared to its average volume of 4,773,531. 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. has a 1 year low of $4.97 and a 1 year high of $10.36. The stock has a market capitalization of $3.10 billion, a PE ratio of 10.66, a P/E/G ratio of 0.28 and a beta of 0.94. The stock has a 50-day moving average price of $5.47 and a 200-day moving average price of $6.21.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. As a group, research analysts forecast that Inter & Co. Inc. will post 0.75 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in INTR. Caitong International Asset Management Co. Ltd increased its holdings in shares of Inter & Co. Inc. by 27,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company's stock valued at $113,000 after purchasing an additional 13,240 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Inter & Co. Inc. by 15.3% during the first quarter. Quantinno Capital Management LP now owns 16,783 shares of the company's stock worth $134,000 after purchasing an additional 2,230 shares during the period. Lazard Asset Management LLC purchased a new position in Inter & Co. Inc. in the 1st quarter valued at $182,000. The Manufacturers Life Insurance Company purchased a new position in Inter & Co. Inc. during the 1st quarter worth $192,000. Finally, Entropy Technologies LP purchased a new position in Inter & Co. Inc. during the 1st quarter worth $214,000. 22.90% of the stock is owned by institutional investors and hedge funds.

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.

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