CI&T Inc. (NYSE:CINT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of CI&T Inc. (NYSE:CINT) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $6.7444.

Several research firms have recently weighed in on CINT. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. TD Cowen reduced their price objective on 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 boosted their target price on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Finally, Wedbush dropped their price target on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th.

CI&T Stock Down 2.2%

NYSE:CINT opened at $3.23 on Friday. The firm’s 50-day moving average price is $3.63 and its 200-day moving average price is $4.38. The company has a market capitalization of $434.16 million, a PE ratio of 10.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.37. CI&T has a 1-year low of $3.16 and a 1-year high of $5.88.

CI&T (NYSE:CINT) last released its 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 business had revenue of $136.61 million for the quarter, compared to analysts’ expectations of $133.28 million. CI&T had a net margin of 7.90% and a return on equity of 13.19%. On average, equities analysts predict that CI&T will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GMT Capital Corp purchased a new stake in CI&T in the fourth quarter worth about $1,786,000. Royce & Associates LP lifted its position 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 in the last quarter. Merit Financial Group LLC purchased a new position in shares of CI&T during the 4th quarter valued at about $204,000. R Squared Ltd bought a new position in shares of CI&T during the 4th quarter valued at approximately $113,000. Finally, NewEdge Advisors LLC bought a new position in shares of CI&T during the 1st quarter valued at approximately $181,000. Institutional investors own 92.45% of the company’s stock.

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.