CI&T (NYSE:CINT) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of CI&T (NYSE:CINT) in a report published on Monday morning,Benzinga reports. Canaccord Genuity Group currently has a $10.00 target price on the stock.

Several other brokerages have also recently issued reports on CINT. TD Cowen began coverage on CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. Wedbush set a $9.00 target price on CI&T in a research note on Monday, February 3rd. Finally, UBS Group lifted their price objective on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $8.37.

CI&T Price Performance

Shares of NYSE:CINT opened at $6.43 on Monday. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The business has a fifty day moving average price of $6.82 and a 200-day moving average price of $6.75. The company has a market capitalization of $864.67 million, a PE ratio of 49.49 and a beta of 1.18.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.36). CI&T had a net margin of 4.39% and a return on equity of 9.55%. The company had revenue of $112.34 million for the quarter, compared to the consensus estimate of $646.68 million. As a group, equities analysts expect that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently made changes to their positions in CINT. State Street Corp increased its position in CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after buying an additional 15,083 shares in the last quarter. WCM Investment Management LLC boosted its position in CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after purchasing an additional 45,574 shares in the last quarter. GSA Capital Partners LLP boosted its position in CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares in the last quarter. Virtu Financial LLC purchased a new position in CI&T during the third quarter worth approximately $108,000. Finally, Verde Servicos Internacionais S.A. purchased a new position in CI&T during the fourth quarter worth approximately $152,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.