Inter & Co. Inc. (NASDAQ:INTR) Rating Increased to Buy at Wall Street Zen

Key Points

• Inter & Co. (NASDAQ: INTR) was upgraded from hold to buy by Wall Street Zen, while Goldman Sachs and UBS also maintained bullish views despite Goldman trimming its target to $11.50.
• The company’s latest quarter showed EPS of $0.17, matching analyst expectations, but revenue of $437.96 million came in below estimates, highlighting a mixed earnings report.
• Inter & Co. reported strong operational growth, including a record first quarter with 44 million+ clients and more than R$50 billion in credit, supporting its AI-powered super app strategy.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on INTR. The Goldman Sachs Group cut their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Friday. UBS Group reiterated a "buy" rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.17.

Inter & Co. Inc. Price Performance

Shares of INTR opened at $6.48 on Friday. Inter & Co. Inc. has a 12-month low of $6.40 and a 12-month high of $10.36. The business's fifty day moving average is $8.12 and its 200 day moving average is $8.61. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.85 billion, a P/E ratio of 10.80, a P/E/G ratio of 0.28 and a beta of 1.02.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.17. Inter & Co. Inc. had a return on equity of 14.76% and a net margin of 12.24%.The company had revenue of $437.96 million for the quarter, compared to analysts' expectations of $495.33 million. Sell-side analysts anticipate that Inter & Co. Inc. will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of INTR. Farther Finance Advisors LLC purchased a new stake in Inter & Co. Inc. in the 3rd quarter valued at $35,000. Caitong International Asset Management Co. Ltd raised its position in Inter & Co. Inc. by 15,133.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock valued at $62,000 after buying an additional 7,264 shares during the last quarter. Barclays PLC purchased a new stake in Inter & Co. Inc. in the 4th quarter valued at $63,000. Fideuram Asset Management Ireland dac purchased a new stake in Inter & Co. Inc. in the 4th quarter valued at $92,000. Finally, State of Wyoming purchased a new stake in Inter & Co. Inc. in the 4th quarter valued at $122,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co. Inc. News Roundup

Here are the key news stories impacting Inter & Co. Inc. this week:

• Positive Sentiment: Inter&Co said it delivered a record first quarter, surpassing 44 million clients and R$50 billion in credit, reinforcing growth in its AI-powered super app strategy. Article title
• Positive Sentiment: Goldman Sachs kept a buy rating on Inter & Co. while lowering its price target to $11.50, still implying substantial upside from the current share price. Article title
• Neutral Sentiment: Analysts’ commentary and earnings-call materials are being reviewed by investors for clues on margins, customer growth, and execution of the company’s digital banking strategy. Article title
• Neutral Sentiment: Zacks noted that Inter & Co. matched EPS estimates at $0.17 and compared the stock with American Express for value investors, adding little immediate catalyst beyond the earnings update. Article title
• Negative Sentiment: Revenue missed estimates by a wide margin, suggesting near-term growth may be less robust than investors hoped and helping explain the stock’s weakness. Article title

Inter & Co. Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.

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