CI&T Inc. (NYSE:CINT) Receives $7.28 Average Target Price from Analysts

Shares of CI&T Inc. (NYSE:CINT) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.2750.

Several analysts recently issued reports on CINT shares. Wedbush started coverage on CI&T in a report on Thursday, April 9th. They set an “outperform” rating and a $9.00 target price on the stock. UBS Group boosted their price target on CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Canaccord Genuity Group boosted their price target on CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Weiss Ratings raised CI&T from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th.

CI&T Stock Performance

CINT opened at $3.87 on Monday. CI&T has a 52-week low of $3.81 and a 52-week high of $7.09. The firm has a market capitalization of $520.15 million, a PE ratio of 12.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 1.34. The business’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $4.71.

CI&T (NYSE:CINT) last released its earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. CI&T had a return on equity of 13.46% and a net margin of 8.30%.The business had revenue of $69.07 million for the quarter. As a group, sell-side analysts expect that CI&T will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. acquired a new position in CI&T during the third quarter worth approximately $56,000. Wedbush Securities Inc. acquired a new position in CI&T during the third quarter worth approximately $58,000. Janney Montgomery Scott LLC acquired a new position in CI&T during the first quarter worth approximately $60,000. RPO LLC acquired a new position in CI&T during the fourth quarter worth approximately $60,000. Finally, Russell Investments Group Ltd. increased its position in CI&T by 176.3% during the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.