Inter & Co. Inc. (NASDAQ:INTR) Price Target Raised to $11.00

Inter & Co. Inc. (NASDAQ:INTR) had its target price lifted by JPMorgan Chase & Co. from $9.00 to $11.00 in a report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on INTR. Weiss Ratings downgraded shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. UBS Group reduced their target price on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.56.

Inter & Co. Inc. Stock Up 0.8%

Shares of NASDAQ INTR opened at $7.24 on Tuesday. The business has a 50-day moving average of $5.56 and a 200-day moving average of $6.19. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.36 and a beta of 0.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. Inter & Co. Inc. has a 12 month low of $4.97 and a 12 month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. Sell-side analysts expect that Inter & Co. Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in INTR. Wellington Management Group LLP boosted its stake in shares of Inter & Co. Inc. by 16.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after purchasing an additional 904,682 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. lifted its stake in Inter & Co. Inc. by 1.1% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock worth $50,315,000 after purchasing an additional 67,500 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its stake in Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after purchasing an additional 3,676,696 shares during the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new stake in Inter & Co. Inc. during the second quarter valued at about $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Inter & Co. Inc. by 7.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company’s stock valued at $19,371,000 after buying an additional 170,649 shares during the period. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.