Inter & Co. Inc. (NASDAQ:INTR) Stock Price Target Raised at JPMorgan Chase & Co.

Inter & Co. Inc. (NASDAQ:INTR) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $9.00 to $11.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 56.58% from the company’s current price.

INTR has been the topic of a number of other research reports. Weiss Ratings downgraded shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. UBS Group decreased their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.56.

Inter & Co. Inc. Stock Performance

NASDAQ INTR traded up $0.47 on Tuesday, hitting $7.03. 8,850,651 shares of the company’s stock were exchanged, compared to its average volume of 4,773,531. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 0.28 and a beta of 0.94. The firm’s 50-day moving average price is $5.47 and its two-hundred day moving average price is $6.21. Inter & Co. Inc. has a fifty-two week low of $4.97 and a fifty-two week high of $10.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%.The business had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. On average, research analysts expect that Inter & Co. Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in Inter & Co. Inc. by 27,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company’s stock valued at $113,000 after buying an additional 13,240 shares during the last quarter. Quantinno Capital Management LP raised its holdings 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 acquiring an additional 2,230 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Inter & Co. Inc. in the first quarter worth $182,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Inter & Co. Inc. in the first quarter valued at $192,000. Finally, Entropy Technologies LP purchased a new stake in shares of Inter & Co. Inc. in the first quarter valued at $214,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.