Inter & Co. Inc. (NASDAQ:INTR) Price Target Raised to $10.00

Inter & Co. Inc. (NASDAQ:INTR) had its price target increased by UBS Group from $8.80 to $10.00 in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on INTR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. Zacks Research downgraded shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold 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 price target of $9.80.

Inter & Co. Inc. Price Performance

Inter & Co. Inc. stock opened at $6.75 on Tuesday. Inter & Co. Inc. has a 52-week low of $4.97 and a 52-week high of $10.36. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.35 and a beta of 0.94. The company has a fifty day simple moving average of $5.90 and a 200-day simple moving average of $6.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of INTR. Quantinno Capital Management LP raised its holdings in shares of Inter & Co. Inc. by 15.3% during the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock worth $134,000 after acquiring an additional 2,230 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Inter & Co. Inc. by 27,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company’s stock valued at $113,000 after acquiring an additional 13,240 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in shares of Inter & Co. Inc. during the 3rd quarter valued at about $82,000. Ramsey Quantitative Systems acquired a new position in shares of Inter & Co. Inc. during the 3rd quarter valued at about $91,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Inter & Co. Inc. in the first quarter valued at about $182,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter’s platform includes marketplace and shopping services, as well as travel-related offerings.