Brokerages Set CI&T Inc. (NYSE:CINT) PT at $8.01

CI&T Inc. (NYSE:CINT) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.0125.

CINT has been the subject of several research reports. Citigroup initiated coverage on CI&T in a research report on Friday, April 25th. They issued a “buy” rating and a $7.00 target price for the company. Canaccord Genuity Group restated a “buy” rating and set a $8.00 price objective (down previously from $10.00) on shares of CI&T in a research report on Thursday, June 26th. UBS Group reduced their price objective on CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upgraded CI&T from a “neutral” rating to an “overweight” rating and set a $7.00 price objective for the company in a research report on Monday, May 19th. Finally, Cowen restated a “buy” rating on shares of CI&T in a research report on Wednesday, May 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CINT. Hsbc Holdings PLC acquired a new position in CI&T during the 1st quarter worth $62,000. Stifel Financial Corp acquired a new position in CI&T during the 4th quarter worth $68,000. Walleye Capital LLC acquired a new position in CI&T during the 1st quarter worth $103,000. Two Sigma Investments LP acquired a new position in CI&T during the 4th quarter worth $111,000. Finally, Cubist Systematic Strategies LLC boosted its position in CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock worth $114,000 after acquiring an additional 8,459 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Price Performance

Shares of CINT opened at $5.35 on Friday. The firm has a market cap of $719.86 million, a price-to-earnings ratio of 26.73 and a beta of 1.17. The stock has a 50 day moving average of $5.77 and a 200-day moving average of $6.11. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.33. CI&T has a 52 week low of $4.42 and a 52 week high of $8.04.

CI&T (NYSE:CINT) last issued its earnings results on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $110.88 million during the quarter, compared to analyst estimates of $111.48 million. CI&T had a return on equity of 9.48% and a net margin of 6.30%. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, analysts forecast that CI&T will post 0.2 EPS for the current year.

CI&T Company Profile

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.