Inter & Co. Inc. (NASDAQ:INTR) Sets New 12-Month High - Should You Buy?

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) reached a new **52-week high** of $9.57, with a trading volume of over 3 million shares on the day.
• Analyst ratings are mixed, with **Weiss Ratings** downgrading the stock from "buy" to "hold," while **UBS Group** increased its price target from $9.20 to **$10.50** and maintained a "buy" rating.
• The company reported earnings of **$0.13 per share** for the last quarter, exceeding estimates, and has a market cap of **$4.20 billion** with a **PE ratio of 21.22**.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $9.57 and last traded at $9.55, with a volume of 3096145 shares traded. The stock had previously closed at $9.26.

Analyst Upgrades and Downgrades

INTR has been the topic of several recent research reports. Weiss Ratings downgraded Inter & Co. Inc. from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. UBS Group increased their price objective on Inter & Co. Inc. from $9.20 to $10.50 and gave the company a "buy" rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.20.

Inter & Co. Inc. Stock Performance

The stock has a fifty day moving average of $8.72 and a 200-day moving average of $7.46. The stock has a market cap of $4.20 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 0.45 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%.The company had revenue of $365.45 million for the quarter, compared to the consensus estimate of $2.04 billion. On average, equities analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC boosted its holdings in Inter & Co. Inc. by 170.5% in the 2nd quarter. WCM Investment Management LLC now owns 8,724,180 shares of the company's stock valued at $64,123,000 after purchasing an additional 5,499,557 shares in the last quarter. Samlyn Capital LLC boosted its stake in shares of Inter & Co. Inc. by 23.8% in the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company's stock valued at $41,604,000 after buying an additional 1,459,151 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Inter & Co. Inc. by 3.8% in the second quarter. Marshall Wace LLP now owns 4,708,880 shares of the company's stock valued at $34,987,000 after buying an additional 171,379 shares in the last quarter. Martin Currie Ltd. purchased a new stake in shares of Inter & Co. Inc. in the second quarter valued at approximately $28,040,000. Finally, Swedbank AB boosted its stake in shares of Inter & Co. Inc. by 46.6% in the third quarter. Swedbank AB now owns 3,110,899 shares of the company's stock valued at $28,714,000 after buying an additional 989,100 shares in the last quarter. Hedge funds and other 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.

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