CI&T Inc. (NYSE:CINT) Receives $7.16 Average Target Price from Brokerages

Shares of CI&T Inc. (NYSE:CINT) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.16.

A number of equities research analysts recently issued reports on CINT shares. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings downgraded shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, December 26th. Canaccord Genuity Group decreased their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. reduced their price objective on CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th.

CI&T Stock Performance

NYSE CINT opened at $4.34 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40. CI&T has a 1-year low of $3.98 and a 1-year high of $8.00. The business has a 50 day simple moving average of $4.52 and a two-hundred day simple moving average of $5.03. The stock has a market capitalization of $583.84 million, a PE ratio of 16.06 and a beta of 1.15.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $127.31 million for the quarter, compared to analysts’ expectations of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. On average, research analysts predict that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Trading of CI&T

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. purchased a new position in CI&T during the third quarter worth $56,000. Wedbush Securities Inc. bought a new stake in shares of CI&T in the 3rd quarter worth about $58,000. Hsbc Holdings PLC bought a new stake in shares of CI&T in the 1st quarter worth about $62,000. Russell Investments Group Ltd. boosted its stake in shares of CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares during the period. Finally, Centiva Capital LP bought a new position in CI&T during the 3rd quarter valued at about $72,000. Hedge funds and other 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.