CI&T (NYSE:CINT) Price Target Lowered to $6.00 at TD Cowen

CI&T (NYSE:CINT) had its price objective cut by TD Cowen from $8.00 to $6.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Weiss Ratings downgraded CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. UBS Group boosted their price target on shares of CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Wedbush reduced their price target on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Canaccord Genuity Group raised their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.74.

CI&T Trading Up 1.4%

Shares of CINT stock opened at $3.35 on Thursday. 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 company has a market capitalization of $451.52 million, a price-to-earnings ratio of 10.82 and a beta of 0.81. CI&T has a 52-week low of $3.16 and a 52-week high of $5.93. The company has a 50-day simple moving average of $3.71 and a two-hundred day simple moving average of $4.42.

CI&T (NYSE:CINT) last announced its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $136.61 million during the quarter, compared to analysts’ expectations of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. Research analysts anticipate that CI&T will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new position in CI&T in the 3rd quarter worth approximately $56,000. Janney Montgomery Scott LLC bought a new stake in CI&T during the 1st quarter valued at $60,000. RPO LLC purchased a new stake in shares of CI&T during the fourth quarter worth $60,000. Russell Investments Group Ltd. lifted 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 acquiring an additional 7,456 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in shares of CI&T by 50.6% in the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock worth $69,000 after acquiring an additional 5,700 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.