CI&T Inc. (NYSE:CINT) Given Average Recommendation of “Moderate Buy” by Analysts

CI&T Inc. (NYSE:CINT) has been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $8.37.

Several brokerages have recently weighed in on CINT. Wedbush set a $9.00 price target on shares of CI&T in a research note on Monday, February 3rd. TD Cowen began coverage on CI&T in a research report on Friday, December 6th. They set a “buy” rating and a $9.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price target on shares of CI&T in a research report on Monday, March 17th. Finally, UBS Group lifted their price objective on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp bought a new stake in shares of CI&T during the fourth quarter valued at approximately $68,000. Virtu Financial LLC purchased a new position in CI&T during the third quarter valued at $108,000. Two Sigma Investments LP bought a new stake in CI&T in the 4th quarter valued at $111,000. Cubist Systematic Strategies LLC lifted its stake in CI&T by 82.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock worth $114,000 after purchasing an additional 8,459 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in shares of CI&T during the 4th quarter valued at about $152,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Stock Down 1.3 %

CI&T stock opened at $6.09 on Friday. CI&T has a one year low of $3.34 and a one year high of $8.04. The stock has a fifty day moving average of $6.85 and a 200 day moving average of $6.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market cap of $818.57 million, a PE ratio of 46.85 and a beta of 1.18.

CI&T (NYSE:CINT) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.36). The business had revenue of $112.34 million for the quarter, compared to analysts’ expectations of $646.68 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. As a group, sell-side analysts predict that CI&T will post 0.2 EPS for the current year.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.