Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $8.20, but opened at $7.86. Inter & Co. Inc. shares last traded at $7.84, with a volume of 446,824 shares traded.
Analysts Set New Price Targets
Separately, UBS Group reaffirmed a "buy" rating and set a $9.20 target price (up previously from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.77.
Check Out Our Latest Report on Inter & Co. Inc.
Inter & Co. Inc. Trading Up 2.6%
The business has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $6.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 0.38 and a beta of 1.12.
Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.55% and a return on equity of 11.85%. The firm had revenue of $365.45 million during the quarter, compared to analysts' expectations of $2.04 billion. As a group, equities analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current year.
Institutional Investors Weigh In On Inter & Co. Inc.
Several institutional investors have recently modified their holdings of INTR. WCM Investment Management LLC lifted its holdings in Inter & Co. Inc. by 170.5% in the second quarter. WCM Investment Management LLC now owns 8,724,180 shares of the company's stock valued at $64,123,000 after buying an additional 5,499,557 shares during the period. Martin Currie Ltd. bought a new stake in shares of Inter & Co. Inc. during the 2nd quarter valued at $28,040,000. Sharp Capital Gestora de Recursos Ltda. acquired a new position in shares of Inter & Co. Inc. in the 2nd quarter valued at $14,881,000. William Blair Investment Management LLC bought a new position in shares of Inter & Co. Inc. in the 2nd quarter worth $12,393,000. Finally, Sei Investments Co. boosted its position in shares of Inter & Co. Inc. by 10,681.6% in the 2nd quarter. Sei Investments Co. now owns 1,683,012 shares of the company's stock worth $12,505,000 after purchasing an additional 1,667,402 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.
Inter & Co. Inc. Company Profile
(
Get Free Report)
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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