Inter & Co. Inc. (NASDAQ:INTR) Hits New 1-Year High – Time to Buy?

Inter & Co. Inc. (NASDAQ:INTR) reached a new 52-week high on Wednesday . The company traded as high as $10.23 and last traded at $10.21, with a volume of 3805213 shares. The stock had previously closed at $9.98.

Analysts Set New Price Targets

INTR has been the subject of a number of recent research reports. Itau BBA Securities downgraded shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $11.00 to $10.00 in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note 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 stock a “buy” rating in a research report on Thursday, October 30th. Finally, UBS Group raised their target price on Inter & Co. Inc. from $10.50 to $11.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Inter & Co. Inc. presently has a consensus rating of “Hold” and an average target price of $8.75.

Inter & Co. Inc. Stock Down 5.0%

The firm has a market cap of $4.10 billion, a P/E ratio of 19.04, a PEG ratio of 0.36 and a beta of 1.16. The firm’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.52. 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. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $396.89 million for the quarter, compared to analysts’ expectations of $2.14 billion. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%. On average, equities research analysts expect that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pictet Asset Management Holding SA increased its position in Inter & Co. Inc. by 88.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 143,882 shares of the company’s stock worth $1,220,000 after buying an additional 67,723 shares during the period. Fundamenta Capital S.A. acquired a new stake in shares of Inter & Co. Inc. in the 4th quarter worth about $7,047,000. JGP Global Gestao de Recursos Ltda. bought a new stake in Inter & Co. Inc. in the 4th quarter valued at about $641,000. SG Americas Securities LLC acquired a new position in Inter & Co. Inc. during the 4th quarter valued at about $123,000. Finally, Harbour Capital Advisors LLC boosted its stake in Inter & Co. Inc. by 62.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 85,680 shares of the company’s stock valued at $724,000 after purchasing an additional 33,015 shares during the period. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co. Inc.

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.