Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $6.08

Shares of CI&T Inc. (NYSE:CINT) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.39.

A number of equities analysts have weighed in on the company. Canaccord Genuity Group upgraded CI&T from a “hold” rating to a “buy” rating and upped their target price for the stock from $5.00 to $6.00 in a research note on Thursday, May 23rd. Canaccord Genuity Group upgraded CI&T from a “hold” rating to a “buy” rating and upped their target price for the stock from $5.00 to $6.00 in a research note on Thursday, May 23rd. UBS Group assumed coverage on CI&T in a research note on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 target price on the stock. Wedbush began coverage on CI&T in a research note on Friday, May 24th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, Itau BBA Securities upgraded CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research report on Friday, August 16th.

CI&T Stock Performance

NYSE:CINT opened at $7.19 on Friday. 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 52-week low of $3.34 and a 52-week high of $8.04. The firm has a market cap of $966.42 million, a price-to-earnings ratio of 39.94 and a beta of 1.14. The business’s fifty day moving average is $5.77 and its 200 day moving average is $4.77.

CI&T (NYSE:CINT) last announced its earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. The business had revenue of $105.74 million for the quarter, compared to analyst estimates of $103.88 million. CI&T had a return on equity of 14.03% and a net margin of 6.03%. Research analysts predict that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

Several institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP boosted its holdings 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 acquiring an additional 65,457 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in CI&T during the 2nd quarter valued at about $2,264,000. XTX Topco Ltd purchased a new stake in CI&T during the 2nd quarter valued at about $76,000. BW Gestao de Investimentos Ltda. boosted its holdings in CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after acquiring an additional 1,073,302 shares during the period. Finally, Banco BTG Pactual S.A. boosted its holdings in 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 acquiring an additional 10,000 shares during the period. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

About CI&T

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.