Wall Street Zen Upgrades Intergroup (NASDAQ:INTG) to Buy

Intergroup (NASDAQ:INTG) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Intergroup in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Intergroup Stock Down 1.1%

NASDAQ:INTG opened at $30.03 on Friday. Intergroup has a twelve month low of $9.57 and a twelve month high of $42.50. The stock’s 50-day simple moving average is $28.71 and its 200 day simple moving average is $26.69. The firm has a market capitalization of $64.56 million, a PE ratio of -52.68 and a beta of 0.20.

Intergroup (NASDAQ:INTG) last posted its earnings results on Thursday, February 12th. The financial services provider reported $0.71 EPS for the quarter. The company had revenue of $17.30 million during the quarter.

Institutional Trading of Intergroup

A hedge fund recently bought a new stake in Intergroup stock. Geode Capital Management LLC purchased a new position in shares of The Intergroup Corporation (NASDAQ:INTG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned about 0.33% of Intergroup as of its most recent filing with the SEC. Institutional investors own 3.36% of the company’s stock.

About Intergroup

Intergroup Corporation (NASDAQ: INTG) is a U.S.-based manufacturer and marketer of industrial and food packaging products. Through its operating subsidiaries, the company produces a broad array of container solutions including corrugated paperboard, recycled fiberboard, plastic and fiber-plastic combinations, as well as wood and tin packaging. These products serve a diverse customer base across the food processing, consumer goods, pharmaceutical, and industrial sectors.

The company’s product portfolio encompasses custom-designed cartons, paper and plastic boxes, and heavy-duty shipping containers tailored to meet the specific strength, moisture resistance, and storage requirements of its customers.