CI&T Inc. (NYSE:CINT) Receives Consensus Rating of “Moderate Buy” from Brokerages

CI&T Inc. (NYSE:CINT) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.4111.

A number of analysts have recently weighed in on the company. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Wedbush downgraded shares of CI&T from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $4.00 in a research note on Tuesday. TD Cowen lowered their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, July 9th. UBS Group increased their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th.

CI&T Trading Down 1.5%

NYSE CINT opened at $3.16 on Friday. CI&T has a 1-year low of $3.10 and a 1-year high of $5.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $3.60 and a 200-day moving average of $4.36. The firm has a market cap of $425.68 million, a PE ratio of 10.20 and a beta of 0.81.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $136.61 million for the quarter, compared to the consensus estimate of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. As a group, sell-side analysts forecast that CI&T will post 0.34 EPS for the current year.

Institutional Trading of CI&T

Institutional investors have recently modified their holdings of the company. GMT Capital Corp bought a new stake in shares of CI&T in the fourth quarter worth about $1,786,000. Royce & Associates LP raised its position in CI&T by 69.7% during the 4th quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after purchasing an additional 364,696 shares during the last quarter. BW Gestao de Investimentos Ltda. raised its position in CI&T by 9.2% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after purchasing an additional 242,811 shares during the last quarter. Marshall Wace LLP lifted its holdings in CI&T by 90.4% in the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after buying an additional 180,800 shares during the period. Finally, XTX Topco Ltd purchased a new stake in CI&T in the 4th quarter worth approximately $287,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.