Brokerages Set CI&T Inc. (NYSE:CINT) PT at $7.47

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.16.

Several analysts recently commented on the stock. Zacks Research downgraded shares of CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CI&T in a report on Thursday, October 30th. Canaccord Genuity Group decreased their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, JPMorgan Chase & Co. reduced their price objective on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th.

Hedge Funds Weigh In On CI&T

A number of hedge funds and other institutional investors have recently bought and sold shares of CINT. Herald Investment Management Ltd raised its position in CI&T by 26.8% during the 2nd quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock worth $2,682,000 after buying an additional 95,000 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of CI&T during the second quarter worth about $439,000. Aberdeen Group plc raised its holdings in CI&T by 74.5% during the second quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock worth $2,970,000 after purchasing an additional 210,370 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in CI&T by 551.2% during the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after purchasing an additional 62,688 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in CI&T in the 1st quarter valued at approximately $103,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Stock Down 4.9%

Shares of NYSE CINT opened at $4.62 on Friday. The business has a 50-day moving average price of $4.58 and a 200 day moving average price of $5.24. The stock has a market cap of $622.63 million, a PE ratio of 17.12 and a beta of 1.15. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. CI&T has a 52-week low of $3.98 and a 52-week high of $8.00.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $127.31 million during the quarter, compared to analysts’ expectations of $673.11 million. CI&T had a net margin of 7.83% and a return on equity of 12.42%. Equities research analysts forecast that CI&T will post 0.2 earnings per share for the current year.

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.