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

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.37.

CINT has been the subject of several recent research reports. UBS Group assumed coverage on CI&T in a report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price target for the company. Wedbush initiated coverage on shares of CI&T in a report on Friday, May 24th. They set an “outperform” rating and a $5.00 price target on the stock. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and increased their price objective for the stock from $5.00 to $6.00 in a research note on Thursday, May 23rd. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $6.00 in a report on Thursday, May 23rd. Finally, Citigroup lowered their target price on shares of CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a report on Monday, April 22nd.

CI&T Trading Down 1.5 %

NYSE:CINT opened at $5.28 on Friday. The company has a market cap of $709.68 million, a PE ratio of 29.33 and a beta of 1.13. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.47. CI&T has a 12 month low of $3.34 and a 12 month high of $7.12. The company has a 50 day simple moving average of $4.38 and a two-hundred day simple moving average of $4.49.

CI&T (NYSE:CINT) last released its quarterly 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 business had revenue of $105.74 million for the quarter, compared to the consensus estimate of $103.88 million. Research analysts forecast that CI&T will post 0.2 earnings per share for the current year.

Institutional Trading of CI&T

Large investors have recently made changes to their positions in the business. BW Gestao de Investimentos Ltda. grew its position in 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 acquiring an additional 666,212 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after purchasing an additional 58,489 shares during the period. Banco BTG Pactual S.A. increased its position in shares of CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after buying an additional 7,047 shares during the period. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

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.