CI&T (NYSE:CINT) Hits New 12-Month Low – Here’s Why

CI&T Inc. (NYSE:CINT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.98 and last traded at $4.0340, with a volume of 15806 shares trading hands. The stock had previously closed at $4.05.

Analysts Set New Price Targets

Several research firms have issued reports on CINT. Canaccord Genuity Group lifted their target price on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. cut their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Wall Street Zen upgraded CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Wedbush began coverage on CI&T in a research note on Thursday, April 9th. They issued an “outperform” rating and a $9.00 target price on the stock. Finally, Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.28.

CI&T Price Performance

The firm has a market cap of $541.68 million, a PE ratio of 13.42 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $4.87 and a two-hundred day moving average price of $4.72.

CI&T (NYSE:CINT) last issued its earnings results on Sunday, March 22nd. The company reported $0.05 EPS for the quarter. The firm had revenue of $69.07 million for the quarter. CI&T had a return on equity of 13.46% and a net margin of 8.30%. As a group, equities analysts expect that CI&T Inc. will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On CI&T

A number of large investors have recently bought and sold shares of CINT. Franklin Resources Inc. purchased a new stake in CI&T in the third quarter valued at approximately $56,000. Wedbush Securities Inc. purchased a new stake in CI&T in the third quarter valued at approximately $58,000. Janney Montgomery Scott LLC purchased a new stake in CI&T in the first quarter valued at approximately $60,000. RPO LLC purchased a new stake in CI&T in the fourth quarter valued at approximately $60,000. Finally, Russell Investments Group Ltd. boosted its position in CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares during the last quarter. Hedge funds and other institutional investors 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.