Inter & Co. Inc. (NASDAQ:INTR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Inter & Co. has a “Moderate Buy” consensus rating from six analysts, split between three buy and three hold ratings. The average 12-month price target is $9.16, though several firms recently reduced their targets.
• Shares rose 4.5% to $5.32, near the company’s 12-month low of $5.04. In its latest quarter, Inter & Co. reported EPS of $0.19, exceeding estimates of $0.18, while revenue of $475.45 million fell short of the $513.31 million consensus.
• Institutional investors own 22.9% of the company, with several major funds substantially increasing their positions, including Wasatch Advisors, SPX Gestao de Recursos, and Marshall Wace.

Shares of Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three 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 brokerages that have issued a report on the stock in the last year is $9.16.

INTR has been the topic of several recent research reports. UBS Group reduced their price objective 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. Wall Street Zen downgraded Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Weiss Ratings lowered Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 10th. JPMorgan Chase & Co. reduced their price target 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 decreased their price target 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.

Inter & Co. Inc. Stock Up 4.5%

Shares of NASDAQ INTR opened at $5.32 on Thursday. Inter & Co. Inc. has a 12 month low of $5.04 and a 12 month high of $10.36. 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 firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.20 and a beta of 0.95. The business has a 50-day moving average of $5.50 and a 200-day moving average of $6.96.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Sell-side analysts expect that Inter & Co. Inc. will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of INTR. Wasatch Advisors LP grew its position in shares of Inter & Co. Inc. by 170.8% in the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company's stock worth $130,466,000 after buying an additional 9,704,435 shares during the last quarter. SPX Gestao de Recursos Ltda raised its holdings in shares of Inter & Co. Inc. by 1,059.2% during the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company's stock valued at $32,029,000 after acquiring an additional 3,676,696 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Inter & Co. Inc. by 62.7% during the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company's stock valued at $65,588,000 after acquiring an additional 2,981,210 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Inter & Co. Inc. by 60.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company's stock valued at $47,447,000 after acquiring an additional 2,110,861 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Inter & Co. Inc. by 10,681.6% in the second quarter. Sei Investments Co. now owns 1,683,012 shares of the company's stock worth $12,505,000 after acquiring an additional 1,667,402 shares during the period. Institutional investors own 22.90% of the company's stock.

About Inter & Co. Inc.

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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