CI&T Inc. (NYSE:CINT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CI&T Inc. (NYSE:CINT) have received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.00.

A number of research analysts recently commented on CINT shares. Citigroup raised their price target on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group assumed coverage on shares of CI&T in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 target price for the company. JPMorgan Chase & Co. increased their price target on shares of CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Friday, August 16th. Finally, Canaccord Genuity Group raised their target price on CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 22nd.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently modified their holdings of the company. BW Gestao de Investimentos Ltda. raised its position in CI&T by 168.7% in the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after purchasing an additional 666,212 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of CI&T in the second quarter valued at approximately $2,264,000. XTX Topco Ltd acquired a new position in shares of CI&T in the second quarter valued at approximately $76,000. Marshall Wace LLP raised its holdings in 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 buying an additional 65,457 shares during the last quarter. Finally, Banco BTG Pactual S.A. boosted its position in CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Performance

NYSE CINT opened at $7.02 on Friday. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04. The firm has a 50-day moving average price of $6.81 and a two-hundred day moving average price of $5.42. The company has a market capitalization of $943.56 million, a P/E ratio of 50.14 and a beta of 1.15. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The company had revenue of $100.45 million for the quarter, compared to analyst estimates of $104.75 million. Analysts anticipate that CI&T will post 0.2 earnings per share for the current year.

About CI&T

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.