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

CI&T Inc. (NYSE:CINT) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.4667.

Several analysts have recently weighed in on the company. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Canaccord Genuity Group reduced their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Zacks Research downgraded shares of CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of CI&T in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th.

Hedge Funds Weigh In On CI&T

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in CI&T during the 3rd quarter valued at approximately $56,000. Wedbush Securities Inc. acquired a new position in shares of CI&T in the 3rd quarter worth approximately $58,000. Hsbc Holdings PLC bought a new stake in shares of CI&T in the 1st quarter valued at $62,000. Russell Investments Group Ltd. increased its position in shares of 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 period. Finally, Centiva Capital LP bought a new position in CI&T during the third quarter worth $72,000. 92.45% of the stock is owned by institutional investors and hedge funds.

CI&T Stock Up 1.4%

Shares of NYSE:CINT opened at $4.86 on Friday. CI&T has a 52-week low of $3.98 and a 52-week high of $8.00. The company has a market capitalization of $653.87 million, a PE ratio of 17.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $4.60 and a 200-day moving average of $5.26.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a return on equity of 12.42% and a net margin of 7.83%.The firm had revenue of $127.31 million for the quarter, compared to the consensus estimate of $673.11 million. On average, equities analysts predict that CI&T will post 0.2 EPS for the current fiscal year.

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.