CI&T (NYSE:CINT) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of CI&T (NYSE:CINT) in a research note published on Friday morning, MarketBeat.com reports. The firm issued a buy rating and a $7.00 price target on the stock.

Several other research firms have also weighed in on CINT. Wedbush set a $9.00 target price on shares of CI&T in a report on Monday, February 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 target price on shares of CI&T in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.26.

CI&T Stock Performance

NYSE:CINT opened at $5.54 on Friday. The firm has a market capitalization of $746.14 million, a PE ratio of 42.62 and a beta of 1.24. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04. The firm has a 50-day moving average price of $6.03 and a 200 day moving average price of $6.45.

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

Hedge Funds Weigh In On CI&T

Hedge funds and other institutional investors have recently bought and sold shares of the business. BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 20.8% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company’s stock valued at $16,387,000 after purchasing an additional 464,529 shares during the period. WCM Investment Management LLC lifted its stake in CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after buying an additional 45,574 shares during the period. Bank of New York Mellon Corp bought a new position in CI&T during the fourth quarter worth about $3,036,000. Renaissance Technologies LLC grew its position in shares of CI&T by 110.0% during the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock worth $678,000 after buying an additional 58,500 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of CI&T by 134.4% in the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock valued at $535,000 after acquiring an additional 50,543 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

About CI&T

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.