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

CI&T Inc. (NYSE:CINT) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $7.00.

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

CI&T Price Performance

CI&T stock opened at $7.04 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The stock has a market capitalization of $946.26 million, a P/E ratio of 39.11 and a beta of 1.15. The stock has a fifty day moving average of $6.71 and a 200-day moving average of $5.32.

CI&T (NYSE:CINT) last issued its 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 firm had revenue of $100.45 million during the quarter, compared to analyst estimates of $104.75 million. On average, sell-side analysts expect that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. raised its stake in CI&T by 168.7% during the 1st 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 during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of CI&T in the second quarter worth approximately $2,264,000. XTX Topco Ltd purchased a new stake in shares of CI&T during the second quarter valued at approximately $76,000. Marshall Wace LLP increased its position in shares of CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after acquiring an additional 65,457 shares during the last quarter. Finally, Banco BTG Pactual S.A. increased its position in shares of CI&T by 23.0% during the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after acquiring an additional 10,000 shares during the last quarter. 92.45% of the stock is 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.