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

Inter & Co. Inc. (NASDAQ:INTR) had its price objective increased by equities researchers at UBS Group from $8.80 to $10.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 44.93% from the company’s current price.

Several other analysts have also recently issued reports on INTR. Zacks Research lowered shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.80.

Inter & Co. Inc. Stock Performance

Shares of Inter & Co. Inc. stock opened at $6.90 on Tuesday. The business has a 50-day moving average of $5.79 and a 200 day moving average of $6.14. Inter & Co. Inc. has a 12 month low of $4.97 and a 12 month high of $10.36. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $475.45 million during the quarter, compared to the consensus estimate of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. As a group, sell-side analysts forecast that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP raised its stake in 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 in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Inter & Co. Inc. by 27,583.3% in the fourth 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 in the last quarter. Sanders Morris Harris LLC acquired a new position in Inter & Co. Inc. in the third quarter valued at $82,000. Lazard Asset Management LLC acquired a new position in Inter & Co. Inc. in the first quarter valued at $182,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Inter & Co. Inc. during the first quarter worth about $192,000. 22.90% of the stock is owned by institutional investors and hedge funds.

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.