UBS Group Issues Positive Forecast for Inter & Co. Inc. (NASDAQ:INTR) Stock Price

Key Points

• UBS Group raised its price target for Inter & Co. to $10.00 from $8.80 and maintained a “Buy” rating, implying approximately 44.9% upside from the reported $6.90 share price.
• Analyst sentiment remains mixed: JPMorgan raised its target to $11.00 with an “Overweight” rating, while Zacks Research downgraded the stock to “Strong Sell.” The overall consensus rating is “Hold,” with an average price target of $9.80.
• Inter & Co. exceeded quarterly EPS expectations, reporting $0.19 versus the $0.18 consensus estimate, although revenue of $475.45 million fell short of expectations. Institutional investors own approximately 22.9% of the company.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) had its target price increased by research analysts at UBS Group from $8.80 to $10.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 44.93% from the stock's current price.

Several other analysts have also recently weighed in on INTR. Zacks Research cut shares of Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a research note on Friday, October 9th. Weiss Ratings restated a "hold (c)" rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9.80.

Inter & Co. Inc. Trading Up 2.5%

Shares of INTR stock opened at $6.90 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. Inter & Co. Inc. has a twelve month low of $4.97 and a twelve month high of $10.36. The company's 50-day moving average price is $5.79 and its 200-day moving average price is $6.14. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.33 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released 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 net margin of 11.23% and a return on equity of 14.94%. The firm had revenue of $475.45 million during the quarter, compared to analysts' expectations of $513.31 million. As a group, equities analysts predict that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of 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 purchasing an additional 904,682 shares during the period. Squadra Investments Gestao DE Recursos LTDA. increased its holdings 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 purchasing an additional 67,500 shares during the last quarter. SPX Gestao de Recursos Ltda raised its position in Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company's stock valued at $32,029,000 after purchasing an additional 3,676,696 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new stake in Inter & Co. Inc. in the second quarter valued at approximately $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Inter & Co. Inc. by 7.5% in the first 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 purchasing an additional 170,649 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

Inter & Co. Inc. Company Profile

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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