Inter & Co. Inc. (NASDAQ:INTR) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Inter & Co. has a “Moderate Buy” consensus rating from six analysts, split evenly between buy and hold ratings, with an average 12-month price target of $9.56.
• Recent analyst actions were mixed: JPMorgan raised its target to $11 and maintained an overweight rating, while UBS lowered its target to $8.80 but retained a buy rating; Weiss downgraded its hold assessment.
• The company beat quarterly EPS expectations with $0.19 versus $0.18 projected, though revenue of $475.45 million fell short of the $513.31 million estimate. Institutional investors own 22.9% of the stock.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.56.

INTR has been the topic of several recent analyst reports. 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. 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. Finally, UBS Group cut their target price on Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating on the stock in a research report on Tuesday, August 11th.

Institutional Investors Weigh In On Inter & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of the company. Quantinno Capital Management LP grew its stake in Inter & Co. Inc. by 15.3% during the 1st 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Inter & Co. Inc. by 27,583.3% in the 4th 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 in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Inter & Co. Inc. in the 1st quarter valued at about $182,000. The Manufacturers Life Insurance Company purchased a new position in shares of Inter & Co. Inc. in the 1st quarter valued at about $192,000. Finally, Entropy Technologies LP acquired a new position in shares of Inter & Co. Inc. during the first quarter worth about $214,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Stock Performance

NASDAQ INTR opened at $7.24 on Friday. The stock has a fifty day simple moving average of $5.56 and a 200-day simple moving average of $6.19. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.20 billion, a PE ratio of 10.97, a P/E/G ratio of 0.36 and a beta of 0.94. Inter & Co. Inc. has a twelve month low of $4.97 and a twelve month high of $10.36.

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, beating 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 for the quarter, compared to analyst estimates of $513.31 million. Equities analysts anticipate that Inter & Co. Inc. will post 0.75 earnings per share for the current year.

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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