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

Shares of CI&T Inc. (NYSE:CINT) have been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.0778.

A number of equities research analysts have commented on the company. UBS Group decreased their price objective on CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Zacks Research downgraded shares of CI&T from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th.

Institutional Investors Weigh In On CI&T

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GMT Capital Corp acquired a new stake in CI&T in the fourth quarter valued at approximately $1,786,000. Royce & Associates LP raised its holdings in CI&T by 69.7% during the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after buying an additional 364,696 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its holdings in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after buying an additional 242,811 shares in the last quarter. Beacon Hill Wealth Management LTD. acquired a new stake in shares of CI&T in the second quarter worth about $617,000. Finally, Marshall Wace LLP boosted its stake in shares of CI&T by 90.4% during the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after acquiring an additional 180,800 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Stock Performance

NYSE:CINT opened at $3.61 on Friday. The company has a 50-day moving average of $3.44 and a 200-day moving average of $4.06. The firm has a market cap of $485.83 million, a price-to-earnings ratio of 12.45 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. CI&T has a twelve month low of $3.03 and a twelve month high of $5.88.

CI&T (NYSE:CINT) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. Analysts forecast that CI&T will post 0.31 earnings per share for the current fiscal year.

CI&T Company Profile

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.