Inter & Co. Inc. (NASDAQ:INTR) Receives $8.32 Average PT from Brokerages

Shares of Inter & Co. Inc. (NASDAQ:INTR) have received an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.32.

Several analysts recently issued reports on INTR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, October 30th. UBS Group lifted their price objective on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Itau BBA Securities lowered shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $11.00 to $10.00 in a research report on Wednesday, November 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of Inter & Co. Inc. in the third quarter worth about $35,000. SBI Securities Co. Ltd. increased its stake in Inter & Co. Inc. by 1,281.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock worth $42,000 after acquiring an additional 5,240 shares during the last quarter. Scotia Capital Inc. bought a new stake in Inter & Co. Inc. in the 2nd quarter worth approximately $99,000. SG Americas Securities LLC purchased a new stake in shares of Inter & Co. Inc. during the 4th quarter worth approximately $123,000. Finally, Entropy Technologies LP bought a new position in shares of Inter & Co. Inc. during the 2nd quarter valued at approximately $131,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Down 1.3%

Shares of INTR stock opened at $8.36 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87. Inter & Co. Inc. has a one year low of $4.50 and a one year high of $10.22. The company’s fifty day moving average price is $8.69 and its 200-day moving average price is $8.36. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 0.31 and a beta of 1.16.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $396.89 million during the quarter, compared to analyst estimates of $2.14 billion. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%. Sell-side analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

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.