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

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

A number of analysts have recently commented on the company. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Canaccord Genuity Group boosted their price target on CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. UBS Group boosted their price target on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings cut CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Wedbush dropped their price target on CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th.

CI&T Stock Performance

CI&T stock opened at $3.48 on Tuesday. The stock’s 50 day simple moving average is $4.00 and its two-hundred day simple moving average is $4.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $468.07 million, a price-to-earnings ratio of 11.22 and a beta of 0.80. CI&T has a fifty-two week low of $3.16 and a fifty-two week high of $6.10.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $136.61 million for the quarter, compared to the consensus estimate of $133.28 million. CI&T had a net margin of 7.90% and a return on equity of 13.19%. As a group, analysts expect that CI&T will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of CI&T

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of CI&T by 6.4% in the 4th quarter. State Street Corp now owns 62,242 shares of the company’s stock worth $253,000 after purchasing an additional 3,719 shares in the last quarter. Franklin Resources Inc. lifted its position in CI&T by 45.7% in the 4th quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock valued at $65,000 after acquiring an additional 4,983 shares in the last quarter. Wedbush Securities Inc. lifted its position in CI&T by 50.6% in the 4th quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after acquiring an additional 5,700 shares in the last quarter. Lazard Asset Management LLC lifted its position in CI&T by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after acquiring an additional 6,171 shares in the last quarter. Finally, R Squared Ltd lifted its position in CI&T by 24.1% in the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after acquiring an additional 6,707 shares in the last quarter. 92.45% of the stock is owned by institutional investors.

CI&T Company Profile

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.