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

Inter & Co. Inc. (NASDAQ:INTR) had its price objective cut by JPMorgan Chase & Co. from $11.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 42.88% from the stock’s current price.

A number of other brokerages have also weighed in on INTR. UBS Group set a $10.40 price objective on Inter & Co. Inc. in a report on Tuesday. Wall Street Zen upgraded Inter & Co. Inc. from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group lowered 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 research report on Friday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.23.

Inter & Co. Inc. Price Performance

Inter & Co. Inc. stock traded up $0.30 during trading on Tuesday, reaching $6.30. The company had a trading volume of 7,221,143 shares, compared to its average volume of 3,580,215. The firm’s 50-day simple moving average is $8.02 and its 200 day simple moving average is $8.57. Inter & Co. Inc. has a 1-year low of $5.91 and a 1-year high of $10.36. The firm has a market capitalization of $2.78 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $437.96 million for the quarter, compared to analysts’ expectations of $495.33 million. As a group, equities research analysts anticipate that Inter & Co. Inc. will post 0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

Several institutional investors have recently bought and sold shares of INTR. Caitong International Asset Management Co. Ltd grew its position in Inter & Co. Inc. by 15,133.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after acquiring an additional 7,264 shares in the last quarter. Barclays PLC acquired a new position in Inter & Co. Inc. in the 4th quarter valued at about $63,000. Fideuram Asset Management Ireland dac acquired a new position in Inter & Co. Inc. in the 4th quarter valued at about $92,000. State of Wyoming acquired a new position in Inter & Co. Inc. in the 4th quarter valued at about $122,000. Finally, SG Americas Securities LLC acquired a new position in Inter & Co. Inc. in the 4th quarter valued at about $123,000. 22.90% of the stock is owned by institutional investors and hedge funds.

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.