Inter & Co. Inc. (NASDAQ:INTR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Inter & Co. “Moderate Buy”, split evenly between three buy and three hold recommendations. The average 12-month price target is $9.16, compared with the stock’s recent price of $5.71.
• Recent analyst actions were mixed: UBS maintained a buy rating while lowering its target to $8.80, whereas Citigroup downgraded the stock to neutral and cut its target to $6.50.
• Inter & Co. reported quarterly EPS of $0.19, slightly above the $0.18 consensus estimate, but revenue of $475.45 million fell short of the $513.31 million forecast. Institutional investors and hedge funds own 22.9% of the company.

Shares of Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.16.

INTR has been the subject of several recent research reports. UBS Group lowered their price objective on Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Citigroup downgraded shares of Inter & Co. Inc. from a "buy" rating to a "neutral" rating and cut their target price for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Weiss Ratings lowered shares of Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 10th. Finally, Wall Street Zen cut shares of Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th.

Institutional Trading of Inter & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its position in Inter & Co. Inc. by 15,133.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock worth $62,000 after purchasing an additional 7,264 shares during the last quarter. Barclays PLC bought a new stake in shares of Inter & Co. Inc. in the 4th quarter valued at about $63,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Inter & Co. Inc. in the 4th quarter valued at about $92,000. State of Wyoming acquired a new stake in shares of Inter & Co. Inc. in the fourth quarter valued at about $122,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Inter & Co. Inc. in the fourth quarter valued at about $126,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co. Inc. Stock Performance

NASDAQ INTR opened at $5.71 on Monday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.29 and a beta of 0.94. Inter & Co. Inc. has a twelve month low of $5.04 and a twelve month 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. The business's fifty day moving average is $5.52 and its 200 day moving average is $6.55.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, beating 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 firm had revenue of $475.45 million during the quarter, compared to the consensus estimate of $513.31 million. As a group, sell-side analysts expect that Inter & Co. Inc. will post 0.75 EPS for the current fiscal year.

About Inter & Co. Inc.

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.

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