Citigroup Initiates Coverage on Inter & Co, Inc. (NASDAQ:INTR)

Equities researchers at Citigroup started coverage on shares of Inter & Co, Inc. (NASDAQ:INTR) in a research note issued on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $6.80 price target on the stock. Citigroup’s target price would suggest a potential upside of 10.57% from the company’s previous close.

Separately, Itau BBA Securities upgraded shares of Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price target on the stock in a research report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.96.

Inter & Co, Inc. Stock Performance

NASDAQ INTR opened at $6.15 on Tuesday. Inter & Co, Inc. has a 52-week low of $2.85 and a 52-week high of $6.78. The company has a fifty day moving average of $5.80 and a 200-day moving average of $5.58. The company has a market capitalization of $2.67 billion, a P/E ratio of 26.74 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $332.84 million during the quarter. Inter & Co, Inc. had a return on equity of 6.16% and a net margin of 7.38%. During the same period last year, the firm earned $0.01 EPS. As a group, equities research analysts predict that Inter & Co, Inc. will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC purchased a new stake in Inter & Co, Inc. during the 1st quarter valued at $14,762,000. Fourth Sail Capital LP bought a new stake in shares of Inter & Co, Inc. in the first quarter worth about $9,155,000. SPX Gestao de Recursos Ltda increased its holdings in Inter & Co, Inc. by 171.0% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company’s stock valued at $2,014,000 after purchasing an additional 228,528 shares during the period. Quadrature Capital Ltd raised its position in Inter & Co, Inc. by 46.6% during the 1st quarter. Quadrature Capital Ltd now owns 101,888 shares of the company’s stock valued at $583,000 after purchasing an additional 32,370 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in Inter & Co, Inc. in the 4th quarter worth approximately $550,000. Institutional investors own 22.90% of the company’s stock.

About Inter & Co, Inc.

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.