Inter & Co. Inc. (NASDAQ:INTR) Given Average Recommendation of “Moderate Buy” by Brokerages

Inter & Co. Inc. (NASDAQ:INTR) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.28.

A number of analysts recently issued reports on INTR shares. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. JPMorgan Chase & Co. decreased their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. UBS Group lowered their price target on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. The Goldman Sachs Group cut their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 10th.

Inter & Co. Inc. Trading Down 3.1%

NASDAQ:INTR opened at $5.29 on Friday. The company has a market cap of $2.33 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.21 and a beta of 0.95. The stock’s fifty day moving average price is $5.71 and its two-hundred day moving average price is $7.41. Inter & Co. Inc. has a 1 year low of $5.16 and a 1 year high of $10.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $437.95 million during the quarter, compared to analyst estimates of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. As a group, analysts expect that Inter & Co. Inc. will post 0.77 EPS for the current year.

Institutional Trading of Inter & Co. Inc.

A number of large investors have recently modified their holdings of INTR. Bank of America Corp DE lifted its stake in shares of Inter & Co. Inc. by 84.3% in the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock valued at $11,849,000 after acquiring an additional 680,958 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Inter & Co. Inc. in the first quarter worth approximately $192,000. Squadra Investments Gestao DE Recursos LTDA. increased its stake in shares of Inter & Co. Inc. by 1.1% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock worth $50,315,000 after buying an additional 67,500 shares during the period. Quantinno Capital Management LP increased its stake in shares of Inter & Co. Inc. by 15.3% in the first quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock worth $134,000 after buying an additional 2,230 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Inter & Co. Inc. during the 1st quarter valued at $182,000. 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.