Inter & Co, Inc. (NASDAQ:INTR) Price Target Cut to $4.00 by Analysts at Morgan Stanley

Inter & Co, Inc. (NASDAQ:INTR) had its target price lowered by equities researchers at Morgan Stanley from $4.50 to $4.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 32.32% from the stock’s current price.

Separately, JPMorgan Chase & Co. decreased their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Inter & Co, Inc. has an average rating of “Moderate Buy” and an average target price of $6.78.

Inter & Co, Inc. Stock Up 6.5 %

Shares of INTR opened at $5.91 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 15.15 and a beta of 1.31. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. The business’s 50 day simple moving average is $5.10 and its 200-day simple moving average is $5.63.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, equities analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Inter & Co, Inc.

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of Inter & Co, Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company’s stock worth $25,000 after buying an additional 5,873 shares during the period. Savant Capital LLC purchased a new position in Inter & Co, Inc. during the 4th quarter valued at $42,000. Atom Investors LP bought a new position in Inter & Co, Inc. in the 3rd quarter valued at $71,000. Skandinaviska Enskilda Banken AB publ grew its position in Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after acquiring an additional 5,500 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Inter & Co, Inc. in the fourth quarter worth $60,000. Institutional investors own 22.90% of the company’s stock.

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.