CI&T (NYSE:CINT) Price Target Raised to $10.00 at Canaccord Genuity Group

CI&T (NYSE:CINT) had its price target hoisted by Canaccord Genuity Group from $9.00 to $10.00 in a research report released on Monday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Friday, August 16th. The Goldman Sachs Group began coverage on CI&T in a report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 target price on the stock. JPMorgan Chase & Co. raised their price target on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, Citigroup increased their target price on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.11.

CI&T Stock Performance

NYSE:CINT opened at $6.42 on Monday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $6.89 and a 200 day moving average price of $5.93. The firm has a market capitalization of $862.91 million, a PE ratio of 49.39 and a beta of 1.16. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04.

CI&T (NYSE:CINT) last posted its earnings results on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). CI&T had a return on equity of 9.51% and a net margin of 4.39%. The company had revenue of $100.45 million for the quarter, compared to the consensus estimate of $104.75 million. Research analysts anticipate that CI&T will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. grew its position in shares of CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after buying an additional 1,073,302 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of CI&T in the 2nd quarter valued at $2,264,000. Marshall Wace LLP lifted its stake in shares of CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after purchasing an additional 65,457 shares during the period. State Street Corp boosted its position in shares of CI&T by 28.8% in the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after purchasing an additional 15,083 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of CI&T during the second quarter worth $76,000. 92.45% of the stock is owned by institutional investors.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.