Analysts Set CI&T Inc. (NYSE:CINT) PT at $5.59

Shares of CI&T Inc. (NYSE:CINT) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $5.59.

CINT has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded shares of CI&T from a “hold” rating to a “buy” rating and increased their price target for the company from $5.00 to $6.00 in a report on Thursday, May 23rd. Wedbush started coverage on CI&T in a research note on Friday, May 24th. They issued an “outperform” rating and a $5.00 price target for the company. Citigroup increased their price objective on CI&T from $4.25 to $6.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Finally, UBS Group started coverage on shares of CI&T in a report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price target on the stock.

Institutional Investors Weigh In On CI&T

A number of large investors have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. boosted 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 buying an additional 666,212 shares during the last quarter. Russell Investments Group Ltd. raised its position in 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 acquiring an additional 7,047 shares during the period. Banco BTG Pactual S.A. boosted its stake 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 worth $221,000 after acquiring an additional 10,000 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in shares of CI&T by 4.4% during the 1st 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 during the period. 92.45% of the stock is currently owned by institutional investors.

CI&T Stock Performance

Shares of CINT stock opened at $6.06 on Tuesday. The company’s fifty day moving average price is $5.09 and its 200-day moving average price is $4.56. The stock has a market cap of $814.52 million, a PE ratio of 33.67 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 $6.66.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. CI&T had a return on equity of 14.03% and a net margin of 6.03%. The company had revenue of $105.74 million for the quarter, compared to the consensus estimate of $103.88 million. On average, equities analysts expect that CI&T will post 0.2 EPS for the current fiscal year.

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.