CI&T (NYSE:CINT) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of CI&T (NYSE:CINT) in a research note released on Thursday morning,Benzinga reports. They currently have a $8.00 price objective on the stock, down from their previous price objective of $10.00.

Several other equities research analysts have also issued reports on CINT. Cowen reissued a “buy” rating on shares of CI&T in a research report on Wednesday, May 14th. Citigroup assumed coverage on shares of CI&T in a report on Friday, April 25th. They set a “buy” rating and a $7.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded shares of CI&T from a “neutral” rating to an “overweight” rating and set a $7.00 price target on the stock in a research report on Monday, May 19th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.16.

CI&T Trading Up 2.0%

NYSE CINT opened at $5.88 on Thursday. The company has a market capitalization of $791.25 million, a price-to-earnings ratio of 29.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.55 and a quick ratio of 1.55. CI&T has a 12 month low of $4.42 and a 12 month high of $8.04. The company’s fifty day moving average price is $5.90 and its two-hundred day moving average price is $6.20.

CI&T (NYSE:CINT) last issued its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $110.88 million during the quarter, compared to analyst estimates of $111.48 million. CI&T had a net margin of 6.30% and a return on equity of 9.48%. During the same quarter last year, the company posted $0.30 EPS. As a group, research analysts predict that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of CI&T

A number of large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its stake in CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock valued at $114,000 after purchasing an additional 8,459 shares during the period. Hsbc Holdings PLC bought a new stake in shares of CI&T during the first quarter valued at approximately $62,000. Stifel Financial Corp acquired a new position in shares of CI&T during the fourth quarter worth approximately $68,000. Walleye Capital LLC acquired a new position in shares of CI&T during the first quarter worth approximately $103,000. Finally, Two Sigma Investments LP bought a new position in CI&T in the 4th quarter worth approximately $111,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.