Inter & Co. Inc. (NASDAQ:INTR) Reaches New 12-Month Low - Here's Why

Key Points

• Inter & Co.’s stock fell to a new 52-week low, reaching $5.13 intraday and last trading near $5.09, compared with a prior close of $5.35.
• Analysts have recently lowered ratings and price targets, including Citigroup’s downgrade to “neutral” and target cut to $6.50. Despite this, the consensus remains “Moderate Buy,” with an average target of $9.16.
• The company slightly exceeded quarterly EPS expectations at $0.19 versus $0.18, but revenue of $475.45 million came in below the $513.31 million analyst estimate.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.13 and last traded at $5.0850, with a volume of 3755784 shares traded. The stock had previously closed at $5.35.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Inter & Co. Inc. from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. UBS Group set a $8.80 target price on Inter & Co. Inc. in a research note on Tuesday. Citigroup cut Inter & Co. Inc. from a "buy" rating to a "neutral" rating and cut their price target for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. JPMorgan Chase & Co. lowered their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group dropped their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Inter & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $9.16.

Inter & Co. Inc. Stock Performance

The stock's 50-day moving average price is $5.57 and its 200-day moving average price is $7.17. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 0.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. As a group, equities research analysts expect that Inter & Co. Inc. will post 0.79 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 in the last quarter. Barclays PLC acquired a new stake in Inter & Co. Inc. during the 4th quarter valued at $63,000. Fideuram Asset Management Ireland dac purchased a new position in Inter & Co. Inc. during the fourth quarter worth $92,000. State of Wyoming acquired a new position in shares of Inter & Co. Inc. in the fourth quarter worth $122,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Inter & Co. Inc. in the fourth quarter valued at $123,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

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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