Inter & Co. Inc. (NASDAQ:INTR) Stock Has Consensus Price Target of $9.30 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Inter & Co., with three buy, three hold and one sell rating. The average 12-month price target is $9.30, well above the stock’s reported $4.03 opening price.
• Recent analyst actions were mixed: JPMorgan raised its target to $11 and kept an “overweight” rating, while UBS lifted its target to $10 with a “buy” rating; Zacks downgraded the stock to “strong sell.”
• Inter & Co. exceeded quarterly EPS estimates, reporting $0.19 versus $0.18 expected, although revenue of $475.45 million fell short of the $513.31 million consensus estimate. Institutional investors own 22.9% of the company.

Shares of Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) have received a consensus rating of "Hold" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9.30.

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. The Goldman Sachs Group set a $9.00 price target on shares of Inter & Co. Inc. in a research note on Thursday. JPMorgan Chase & Co. raised 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 note on Tuesday, October 6th. Zacks Research lowered shares of Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a report on Friday, October 9th. Finally, UBS Group boosted their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, October 20th.

Inter & Co. Inc. Trading Up 0.5%

Shares of INTR stock opened at $4.03 on Tuesday. The firm has a market capitalization of $1.78 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.20 and a beta of 0.94. Inter & Co. Inc. has a twelve month low of $3.92 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 stock's fifty day simple moving average is $5.81 and its 200 day simple moving average is $6.78.

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, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $475.45 million during the quarter, compared to the consensus estimate of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. As a group, sell-side analysts predict that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squadra Investments Gestao DE Recursos LTDA. boosted its position in shares of Inter & Co. Inc. by 1.1% during 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 in the last quarter. Wellington Management Group LLP increased its holdings 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 worth $35,147,000 after purchasing an additional 904,682 shares in the last quarter. SPX Gestao de Recursos Ltda increased its holdings 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 worth $32,029,000 after purchasing an additional 3,676,696 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings 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 worth $19,371,000 after purchasing an additional 170,649 shares in the last quarter. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new position in Inter & Co. Inc. in the second quarter valued at approximately $13,267,000. 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 ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter's platform includes marketplace and shopping services, as well as travel-related offerings.

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