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

Shares of CI&T Inc. (NYSE:CINT) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.37.

Several brokerages have weighed in on CINT. UBS Group boosted their price objective on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Wedbush set a $9.00 price target on CI&T in a report on Monday, February 3rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 price objective on shares of CI&T in a research note on Monday, March 17th.

CI&T Trading Down 9.8 %

CINT stock opened at $5.13 on Friday. The firm has a fifty day moving average price of $6.77 and a 200 day moving average price of $6.69. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The firm has a market cap of $690.25 million, a PE ratio of 39.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.36). The business had revenue of $112.34 million during the quarter, compared to analysts’ expectations of $646.68 million. CI&T had a return on equity of 9.55% and a net margin of 4.39%. Sell-side analysts anticipate that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of CI&T

A number of large investors have recently made changes to their positions in the stock. Stifel Financial Corp bought a new stake in CI&T during the 4th quarter valued at about $68,000. Virtu Financial LLC purchased a new position in shares of CI&T during the third quarter worth approximately $108,000. Two Sigma Investments LP bought a new stake in shares of CI&T during the fourth quarter valued at approximately $111,000. Cubist Systematic Strategies LLC boosted its holdings in shares of CI&T by 82.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock valued at $114,000 after purchasing an additional 8,459 shares during the period. Finally, Verde Servicos Internacionais S.A. bought a new position in CI&T in the fourth quarter worth approximately $152,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.