Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Wednesday, Marketbeat reports. The firm presently has a $8.50 target price on the stock, up from their previous target price of $7.50. JPMorgan Chase & Co.‘s price objective points to a potential upside of 36.22% from the company’s current price.
Several other analysts have also recently issued reports on INTR. UBS Group increased their target price on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Citigroup began coverage on Inter & Co, Inc. in a research report on Tuesday, June 25th. They set a “buy” rating and a $6.80 target price for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $7.56.
Check Out Our Latest Research Report on Inter & Co, Inc.
Inter & Co, Inc. Stock Performance
Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Inter & Co, Inc. had a return on equity of 7.85% and a net margin of 8.85%. The business had revenue of $283.71 million during the quarter, compared to analysts’ expectations of $264.62 million. On average, analysts expect that Inter & Co, Inc. will post 0.37 EPS for the current year.
Hedge Funds Weigh In On Inter & Co, Inc.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTR. Millennium Management LLC boosted its stake in Inter & Co, Inc. by 70.7% during the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after buying an additional 1,868,527 shares during the last quarter. Fourth Sail Capital LP bought a new stake in shares of Inter & Co, Inc. in the 1st quarter valued at approximately $9,155,000. Marshall Wace LLP lifted its stake in shares of Inter & Co, Inc. by 152.9% in the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after purchasing an additional 1,396,317 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Inter & Co, Inc. in the 2nd quarter valued at approximately $1,954,000. Finally, SG Americas Securities LLC bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at approximately $1,358,000. 22.90% of the stock is owned by institutional investors.
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.
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