CI&T Inc. (NYSE:CINT) Receives $8.37 Consensus Price Target from Brokerages

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $8.37.

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

CI&T Stock Up 0.4 %

CINT stock opened at $6.00 on Friday. The stock has a market cap of $805.80 million, a PE ratio of 46.12 and a beta of 1.18. The firm’s 50-day simple moving average is $6.83 and its 200 day simple moving average is $6.71. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

CI&T (NYSE:CINT) last announced 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 firm had revenue of $112.34 million during the quarter, compared to analyst estimates 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.

Institutional Investors Weigh In On CI&T

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of CI&T in the 4th quarter worth approximately $3,036,000. BW Gestao de Investimentos Ltda. grew its position in CI&T by 20.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company’s stock worth $16,387,000 after buying an additional 464,529 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of CI&T by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock valued at $678,000 after buying an additional 58,500 shares in the last quarter. Marshall Wace LLP lifted its position in shares of CI&T by 134.4% during the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock valued at $535,000 after acquiring an additional 50,543 shares during the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of CI&T by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after acquiring an additional 45,574 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

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.