Inter & Co. Inc. (NASDAQ:INTR) Stock Has Average Price Target of $9.30 According to Analysts

by · The Markets Daily

Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One 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 price objective among analysts that have updated their coverage on the stock in the last year is $9.30.

Several research firms have commented on INTR. UBS Group upped their price objective on Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Zacks Research downgraded Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. The Goldman Sachs Group set a $9.00 target price on Inter & Co. Inc. in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. boosted their target price on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th.

View Our Latest Analysis on INTR

Inter & Co. Inc. Stock Performance

Shares of INTR opened at $3.86 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.70 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.19 and a beta of 1.01. The company’s 50 day simple moving average is $5.68 and its 200-day simple moving average is $6.69. Inter & Co. Inc. has a 12-month low of $3.75 and a 12-month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last announced 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. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The business had revenue of $475.45 million for the quarter, compared to analysts’ expectations of $513.31 million. As a group, equities analysts predict that Inter & Co. Inc. will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of large investors have recently bought and sold shares of INTR. Squadra Investments Gestao DE Recursos LTDA. boosted its holdings 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 purchasing an additional 67,500 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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 buying an additional 904,682 shares during the period. SPX Gestao de Recursos Ltda lifted its holdings 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 buying an additional 3,676,696 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Inter & Co. Inc. by 7.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company’s stock worth $19,371,000 after acquiring an additional 170,649 shares during the period. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new position in Inter & Co. Inc. during the second quarter worth $13,267,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

About Inter & Co. Inc.

(Get Free Report)

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.

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