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

Shares of CI&T Inc. (NYSE:CINT) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.37.

CINT has been the topic of several analyst reports. Citigroup dropped their price target on shares of CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Wedbush initiated coverage on shares of CI&T in a research report on Friday, May 24th. They set an “outperform” rating and a $5.00 price target on the stock. UBS Group assumed coverage on shares of CI&T in a research report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price target on the stock. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Thursday, May 23rd. Finally, Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Thursday, May 23rd.

CI&T Stock Up 0.4 %

CI&T stock opened at $5.02 on Friday. The company has a 50 day moving average of $4.25 and a 200-day moving average of $4.48. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $674.74 million, a PE ratio of 27.89 and a beta of 1.09. CI&T has a twelve month low of $3.34 and a twelve month high of $7.12.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.06 EPS for the quarter. The business had revenue of $105.74 million for the quarter, compared to analyst estimates of $103.88 million. CI&T had a net margin of 6.03% and a return on equity of 14.03%. On average, equities research analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its stake in CI&T by 4.6% during the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after buying an additional 7,047 shares in the last quarter. Banco BTG Pactual S.A. grew its stake in CI&T by 23.0% during the first 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 in the last quarter. WCM Investment Management LLC grew its stake in CI&T by 4.4% during the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after buying an additional 58,489 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its stake in CI&T by 168.7% during the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after buying an additional 666,212 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.