Inter & Co. Inc. (NASDAQ:INTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Inter & Co. Inc. (NASDAQ:INTR) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.28.

A number of equities analysts have recently issued reports on INTR shares. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $6.50 in a report on Monday, May 18th. UBS Group dropped their target price on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. dropped their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th.

Inter & Co. Inc. Price Performance

Shares of NASDAQ:INTR opened at $5.67 on Friday. The business has a 50 day moving average price of $7.18 and a 200 day moving average price of $8.14. Inter & Co. Inc. has a twelve month low of $5.64 and a twelve month high of $10.36. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.23 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%.The company had revenue of $437.96 million during the quarter, compared to the consensus estimate of $495.33 million. Research analysts predict that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP boosted its position in Inter & Co. Inc. by 170.8% in the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock valued at $130,466,000 after buying an additional 9,704,435 shares during the last quarter. Samlyn Capital LLC boosted its position in Inter & Co. Inc. by 19.9% in the 3rd quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock valued at $78,600,000 after buying an additional 1,415,601 shares during the last quarter. Marshall Wace LLP boosted its position in Inter & Co. Inc. by 62.7% in the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after buying an additional 2,981,210 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. boosted its position in Inter & Co. Inc. by 1.1% in the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock valued at $50,315,000 after buying an additional 67,500 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Inter & Co. Inc. by 60.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after buying an additional 2,110,861 shares during the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Company Profile

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.