Inter & Co. Inc. (INTR) – What Are Researchers Thinking About This Stock?

Inter & Co. Inc. (NASDAQ:INTR) has received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.30.

Several brokerages recently issued reports on INTR. Weiss Ratings reissued a “hold (c)” rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price objective 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. UBS Group raised their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Zacks Research cut shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Finally, The Goldman Sachs Group set a $9.00 target price on Inter & Co. Inc. in a report on Thursday, October 29th.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of INTR. Drive Wealth Management LLC acquired a new position in Inter & Co. Inc. in the third quarter worth $142,000. Diversified Trust Co bought a new stake in shares of Inter & Co. Inc. during the third quarter worth $424,000. Russell Investments Group Ltd. acquired a new stake in shares of Inter & Co. Inc. in the third quarter valued at $798,000. R Squared Ltd increased its stake in shares of Inter & Co. Inc. by 31.6% in the third quarter. R Squared Ltd now owns 18,435 shares of the company’s stock valued at $98,000 after buying an additional 4,426 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Inter & Co. Inc. by 6.1% in the third quarter. Pictet Asset Management Holding SA now owns 189,269 shares of the company’s stock valued at $1,011,000 after buying an additional 10,850 shares in the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Stock Up 3.6%

Shares of NASDAQ:INTR opened at $4.00 on Tuesday. The company’s fifty day moving average is $5.65 and its 200-day moving average is $6.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. Inter & Co. Inc. has a 52 week low of $3.75 and a 52 week high of $10.36. The company has a market capitalization of $1.77 billion, a PE ratio of 6.00, a P/E/G ratio of 0.20 and a beta of 1.01.

About Inter & Co. Inc.

Inter & Co Inc is a digital financial services company whose platform is centered on Banco Inter, a Brazilian digital bank. The company offers banking services such as accounts, payments, credit and debit cards, lending, and financial products, including investment and insurance offerings.

Its broader digital platform also includes shopping and lifestyle services, as well as tools for customers making international transactions. Inter serves customers primarily in Brazil and has expanded its offerings to include services for clients in the United States.

The business traces its roots to Banco Intermedium, founded in Brazil in 1994, and later became known as Banco Inter.