Brokerages Set CI&T Inc. (NYSE:CINT) PT at $7.00

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

Several analysts recently weighed in on CINT shares. The Goldman Sachs Group initiated coverage on shares of CI&T in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price objective on the stock. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Citigroup increased their target price on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Canaccord Genuity Group boosted their price target on shares of CI&T from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in CI&T during the second quarter worth about $76,000. Banco BTG Pactual S.A. grew its stake in CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after buying an additional 10,000 shares in the last quarter. Marshall Wace LLP raised its stake in shares of CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after purchasing an additional 65,457 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of CI&T during the second quarter valued at about $2,264,000. Finally, BW Gestao de Investimentos Ltda. lifted its stake in CI&T by 168.7% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after purchasing an additional 666,212 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Stock Performance

Shares of CI&T stock opened at $6.55 on Thursday. The company’s 50 day moving average price is $6.91 and its two-hundred day moving average price is $5.71. The firm has a market capitalization of $880.39 million, a P/E ratio of 48.57 and a beta of 1.16. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.80.

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, equities analysts forecast that CI&T will post 0.21 earnings per share for the current fiscal year.

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.