Inter & Co. Inc. (NASDAQ:INTR) Stock Has Average Target Price of $9.56 According to Brokerages

Inter & Co. Inc. (NASDAQ:INTR) has earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.56.

INTR has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, October 6th. UBS Group lowered their target price on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Squadra Investments Gestao DE Recursos LTDA. grew its stake in Inter & Co. Inc. by 1.1% during 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 purchasing an additional 67,500 shares in the last quarter. Wellington Management Group LLP raised its position 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. SPX Gestao de Recursos Ltda raised its position in shares of Inter & Co. Inc. by 1,059.2% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after purchasing an additional 3,676,696 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Inter & Co. Inc. by 7.5% in the 1st 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 purchasing an additional 170,649 shares in the last quarter. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in shares of Inter & Co. Inc. during the 2nd quarter valued at approximately $13,267,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Trading Down 3.3%

INTR opened at $6.76 on Friday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.35 and a beta of 0.94. The firm’s 50 day moving average is $5.73 and its 200-day moving average is $6.16. Inter & Co. Inc. has a 52-week low of $4.97 and a 52-week high of $10.36. 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 posted its 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 for 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%. Analysts expect that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

About Inter & Co. Inc.

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.