Morgan Stanley Cuts Inter & Co, Inc. (NASDAQ:INTR) Price Target to $4.00

Inter & Co, Inc. (NASDAQ:INTR) had its price target decreased by investment analysts at Morgan Stanley from $4.50 to $4.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 32.32% from the company’s previous close.

Separately, JPMorgan Chase & Co. cut their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.78.

Inter & Co, Inc. Price Performance

Shares of NASDAQ:INTR opened at $5.91 on Monday. The business has a 50-day simple moving average of $5.10 and a two-hundred day simple moving average of $5.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 15.15 and a beta of 1.31. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. On average, analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Inter & Co, Inc.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after buying an additional 5,873 shares in the last quarter. Savant Capital LLC purchased a new stake in Inter & Co, Inc. during the 4th quarter valued at approximately $42,000. Atom Investors LP bought a new stake in shares of Inter & Co, Inc. during the third quarter valued at approximately $71,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Inter & Co, Inc. by 78.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock worth $52,000 after buying an additional 5,500 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Inter & Co, Inc. in the fourth quarter worth $60,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

About Inter & Co, Inc.

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.