Brokerages Set CI&T Inc. (NYSE:CINT) PT at $6.08

Shares of CI&T Inc. (NYSE:CINT) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.0778.

Several analysts have recently commented on CINT shares. Wedbush cut 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 report on Tuesday, July 21st. UBS Group reduced their price objective on CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research note on Wednesday, August 12th. JPMorgan Chase & Co. decreased their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. TD Cowen lowered their target price on CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th.

CI&T Price Performance

NYSE CINT opened at $3.25 on Friday. The stock has a market capitalization of $437.12 million, a P/E ratio of 11.20 and a beta of 0.81. CI&T has a 1 year low of $2.80 and a 1 year high of $5.88. The business’s fifty day moving average is $3.42 and its two-hundred day moving average is $4.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31.

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%. On average, research analysts forecast that CI&T will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Hedge funds and other institutional investors have recently modified their holdings of the company. BW Gestao de Investimentos Ltda. grew its stake in CI&T by 9.2% in 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 purchasing an additional 242,811 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of 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 buying an additional 364,696 shares during the last quarter. GMT Capital Corp bought a new stake in shares of CI&T in the 4th quarter valued at approximately $1,786,000. Marshall Wace LLP grew its stake in shares of CI&T by 90.4% in the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after buying an additional 180,800 shares in the last quarter. Finally, Beacon Hill Wealth Management LTD. acquired a new position in CI&T in the second quarter worth approximately $617,000. 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.