CI&T (NYSE:CINT) Shares Up 2.7%

Shares of CI&T Inc. (NYSE:CINT) traded up 2.7% during mid-day trading on Thursday . The company traded as high as $4.16 and last traded at $4.16. 885 shares were traded during trading, a decline of 99% from the average session volume of 105,211 shares. The stock had previously closed at $4.05.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Canaccord Genuity Group boosted their price objective on CI&T from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Morgan Stanley restated an “equal weight” rating and set a $5.50 price objective (down from $6.00) on shares of CI&T in a research report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.58.

CI&T Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market capitalization of $543.02 million, a price-to-earnings ratio of 18.36 and a beta of 1.04. The stock has a 50 day moving average price of $4.36 and a 200-day moving average price of $4.82.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, March 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $107.56 million. CI&T had a net margin of 7.11% and a return on equity of 15.96%. On average, analysts forecast that CI&T Inc. will post 0.25 earnings per share for the current year.

Institutional Trading of CI&T

Large investors have recently bought and sold shares of the business. Stifel Financial Corp acquired a new position in shares of CI&T during the 4th quarter worth approximately $53,000. BlackRock Inc. purchased a new stake in CI&T in the 2nd quarter valued at $63,000. Virtu Financial LLC purchased a new position in shares of CI&T during the 4th quarter worth $70,000. Lazard Asset Management LLC acquired a new position in shares of CI&T during the 2nd quarter valued at about $106,000. Finally, Sei Investments Co. purchased a new stake in shares of CI&T in the second quarter valued at about $118,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.