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

CI&T Inc. (NYSE:CINT) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $6.80.

A number of research firms have weighed in on CINT. Wedbush reduced their price objective on CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings lowered CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Canaccord Genuity Group lifted their price objective on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, UBS Group lifted their price objective on CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research note on Tuesday, May 12th.

Hedge Funds Weigh In On CI&T

Institutional investors have recently modified their holdings of the stock. Royce & Associates LP purchased a new position in shares of CI&T in the 3rd quarter valued at about $2,696,000. GMT Capital Corp purchased a new position in shares of CI&T in the 4th quarter valued at about $1,786,000. Merit Financial Group LLC purchased a new position in shares of CI&T in the 4th quarter valued at about $204,000. Walleye Capital LLC increased its stake in shares of CI&T by 112.8% in the 2nd quarter. Walleye Capital LLC now owns 36,727 shares of the company’s stock valued at $219,000 after purchasing an additional 19,468 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of CI&T in the 4th quarter valued at about $172,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Stock Performance

Shares of CINT opened at $3.31 on Tuesday. The stock has a 50-day moving average of $3.87 and a two-hundred day moving average of $4.49. CI&T has a one year low of $3.16 and a one year high of $6.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $445.73 million, a P/E ratio of 10.68 and a beta of 0.80.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $136.61 million for the quarter, compared to analyst estimates of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. As a group, research analysts predict that CI&T will post 0.34 EPS for the current year.

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.