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

CI&T Inc. (NYSE:CINT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong 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 $6.08.

A number of equities research analysts recently weighed in on CINT shares. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and raised their target price for the company from $5.00 to $6.00 in a research note on Thursday, May 23rd. Citigroup raised their target price on shares of CI&T from $4.25 to $6.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. UBS Group initiated coverage on shares of CI&T in a research note on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 target price on the stock. Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Friday. Finally, Wedbush initiated coverage on shares of CI&T in a research note on Friday, May 24th. They set an “outperform” rating and a $5.00 price target on the stock.

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CI&T Price Performance

CINT opened at $7.22 on Friday. The firm has a market cap of $970.45 million, a P/E ratio of 40.11 and a beta of 1.14. The firm has a 50-day moving average of $5.58 and a 200-day moving average of $4.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.82 and a current ratio of 1.82. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04.

CI&T (NYSE:CINT – Get Free Report) last issued its earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. CI&T had a net margin of 6.03% and a return on equity of 14.03%. The firm had revenue of $105.74 million during the quarter, compared to analyst estimates of $103.88 million. On average, research analysts expect that CI&T will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. grew its holdings in shares of CI&T by 168.7% in the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after purchasing an additional 666,212 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after purchasing an additional 7,047 shares during the last quarter. WCM Investment Management LLC boosted its holdings in CI&T by 4.4% in the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after acquiring an additional 58,489 shares in the last quarter. Marshall Wace LLP increased its position in CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after purchasing an additional 65,457 shares during the period. Finally, XTX Topco Ltd purchased a new position in CI&T during the 2nd quarter valued at $76,000. Institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

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CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.

Further Reading

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