CI&T (NYSE:CINT) Sees Large Volume Increase

CI&T Inc. (NYSE:CINTGet Free Report) saw unusually-strong trading volume on Monday . Approximately 39,557 shares traded hands during trading, a decline of 64% from the previous session’s volume of 110,825 shares.The stock last traded at $5.36 and had previously closed at $5.40.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CINT shares. UBS Group started coverage on CI&T in a research report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price objective on the stock. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and lifted their price objective for the company from $5.00 to $6.00 in a research report on Thursday, May 23rd. Citigroup lowered their price objective on CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Wedbush assumed coverage on CI&T in a research report on Friday, May 24th. They set an “outperform” rating and a $5.00 price objective on the stock. Finally, Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $6.00 in a report on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.37.

Get Our Latest Analysis on CI&T

CI&T Trading Down 2.0 %

The stock has a fifty day moving average of $4.47 and a 200 day moving average of $4.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $735.22 million, a PE ratio of 30.39 and a beta of 1.13.

CI&T (NYSE:CINTGet Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.06 earnings per share (EPS) for the quarter. CI&T had a return on equity of 14.03% and a net margin of 6.03%. The business had revenue of $105.74 million for the quarter, compared to the consensus estimate of $103.88 million. As a group, sell-side analysts predict that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Several large investors have recently modified their holdings of CINT. Banco BTG Pactual S.A. increased its position in shares of CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after acquiring an additional 7,047 shares during the period. BW Gestao de Investimentos Ltda. boosted its holdings in CI&T by 168.7% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after acquiring an additional 666,212 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in CI&T by 4.4% during the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after acquiring an additional 58,489 shares during the period. Institutional investors own 92.45% of the company’s stock.

About CI&T

(Get Free Report)

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.

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