JPMorgan Chase & Co. Lowers Inter & Co. Inc. (NASDAQ:INTR) Price Target to $9.00

Inter & Co. Inc. (NASDAQ:INTR) had its price target cut by stock analysts at JPMorgan Chase & Co. from $11.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 42.88% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. UBS Group set a $10.40 price target on shares of Inter & Co. Inc. in a report on Tuesday. The Goldman Sachs Group cut their price target on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday. Finally, Wall Street Zen upgraded shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.23.

Inter & Co. Inc. Stock Up 5.0%

Inter & Co. Inc. stock traded up $0.30 during trading hours on Tuesday, reaching $6.30. The stock had a trading volume of 7,221,143 shares, compared to its average volume of 3,580,215. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50 day moving average price is $8.02 and its 200-day moving average price is $8.57. Inter & Co. Inc. has a 52 week low of $5.91 and a 52 week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results 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 net margin of 12.24% and a return on equity of 14.34%. The business had revenue of $437.96 million during the quarter, compared to the consensus estimate of $495.33 million. Sell-side analysts anticipate that Inter & Co. Inc. will post 0.77 EPS for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several hedge funds have recently bought and sold shares of INTR. Royal Bank of Canada boosted its position in Inter & Co. Inc. by 1,446.7% in the 1st quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock worth $364,000 after purchasing an additional 62,210 shares in the last quarter. Millennium Management LLC boosted its position in Inter & Co. Inc. by 94.4% in the 1st quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock worth $11,580,000 after purchasing an additional 1,026,321 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Inter & Co. Inc. by 43.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock worth $16,042,000 after purchasing an additional 891,939 shares in the last quarter. Jane Street Group LLC boosted its position in Inter & Co. Inc. by 502.0% in the 1st quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock worth $7,845,000 after purchasing an additional 1,193,818 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Inter & Co. Inc. by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock worth $3,303,000 after purchasing an additional 1,303 shares in the last quarter. Hedge funds and other institutional investors own 22.90% of the company’s stock.

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.