CI&T Inc. (NYSE:CINT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

CI&T Inc. (NYSE:CINT) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.80.

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. UBS Group boosted their target price on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of CI&T from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings downgraded shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Wedbush dropped their target price on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BW Gestao de Investimentos Ltda. raised its holdings in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after buying an additional 242,811 shares during the last quarter. Royce & Associates LP raised its holdings in CI&T by 69.7% during the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock worth $3,615,000 after buying an additional 364,696 shares during the last quarter. GMT Capital Corp acquired a new position in CI&T during the fourth quarter worth $1,786,000. Marshall Wace LLP raised its holdings in CI&T by 90.4% during the second quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after buying an additional 180,800 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in CI&T by 34.1% during the third quarter. Citadel Advisors LLC now owns 180,926 shares of the company’s stock worth $932,000 after buying an additional 46,031 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Up 6.5%

CI&T stock opened at $3.52 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. CI&T has a 12-month low of $3.16 and a 12-month high of $6.30. The firm’s fifty day moving average is $4.34 and its 200 day moving average is $4.60. The company has a market capitalization of $473.05 million, a PE ratio of 11.34 and a beta of 0.85.

CI&T (NYSE:CINT) last released its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). CI&T had a net margin of 7.90% and a return on equity of 13.19%. As a group, sell-side analysts predict that CI&T will post 0.39 EPS for the current fiscal year.

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.