The Goldman Sachs Group Has Lowered Expectations for Inter & Co. Inc. (NASDAQ:INTR) Stock Price

Key Points

• Goldman Sachs cut its price target on Inter & Co. (INTR) from $13.00 to $11.50 while keeping a "buy" rating, a target that implies roughly a 75.8% upside from the stock's recent close.
• Shares are trading around $6.54 (down 2.4%), well below the average analyst target of $11.17; the company recently missed estimates with $0.17 EPS (vs. $0.18) and revenue of $437.96M (vs. $500.53M).
• Analyst coverage is split (two Buys, two Holds) producing a consensus of "Moderate Buy," and institutional investors own about 22.9% of the stock with several small recent purchases by hedge funds.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) had its price target reduced by investment analysts at The Goldman Sachs Group from $13.00 to $11.50 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's target price suggests a potential upside of 75.84% from the company's previous close.

A number of other research analysts have also recently commented on INTR. Weiss Ratings reissued a "hold (c+)" rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. UBS Group reissued a "buy" rating and set a $12.00 price objective on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Finally, Wall Street Zen lowered Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.17.

Inter & Co. Inc. Trading Down 2.4%

Shares of INTR stock traded down $0.16 on Friday, reaching $6.54. The company had a trading volume of 5,381,676 shares, compared to its average volume of 3,328,321. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $8.12 and a 200-day moving average of $8.61. The stock has a market cap of $2.88 billion, a PE ratio of 12.08, a PEG ratio of 0.33 and a beta of 1.02. Inter & Co. Inc. has a 12 month low of $6.40 and a 12 month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The business had revenue of $437.96 million for the quarter, compared to analyst estimates of $500.53 million. On average, equities analysts forecast that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in shares of Inter & Co. Inc. in the third quarter valued at about $35,000. Caitong International Asset Management Co. Ltd raised its stake in 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 valued at $62,000 after purchasing an additional 7,264 shares during the period. Barclays PLC purchased a new position in Inter & Co. Inc. in the 4th quarter worth approximately $63,000. Fideuram Asset Management Ireland dac bought a new position in Inter & Co. Inc. in the 4th quarter worth approximately $92,000. Finally, State of Wyoming purchased a new stake in Inter & Co. Inc. during the 4th quarter valued at approximately $122,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.