CI&T Inc. (NYSE:CINT) Receives Consensus Rating of “Buy” from Brokerages

CI&T Inc. (NYSE:CINT) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.80.

A number of equities analysts have weighed in on the company. UBS Group lowered their price target on CI&T from $8.00 to $6.80 and set a “neutral” rating on the stock in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of CI&T in a report on Thursday, October 30th. Zacks Research upgraded CI&T from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $8.00 price objective on shares of CI&T in a report on Thursday, October 16th.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently bought and sold shares of CINT. Hsbc Holdings PLC bought a new stake in shares of CI&T during the first quarter worth approximately $62,000. Wedbush Securities Inc. bought a new position in shares of CI&T during the third quarter worth approximately $58,000. Russell Investments Group Ltd. lifted its holdings in CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares during the last quarter. Walleye Capital LLC bought a new stake in CI&T in the 1st quarter valued at $103,000. Finally, Nipun Capital L.P. acquired a new position in CI&T in the 2nd quarter valued at $111,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Price Performance

Shares of CINT opened at $4.50 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $4.92 and its 200 day simple moving average is $5.45. CI&T has a 1-year low of $3.98 and a 1-year high of $8.00. The company has a market cap of $605.40 million, a price-to-earnings ratio of 18.73 and a beta of 1.14.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $116.32 million during the quarter, compared to the consensus estimate of $659.84 million. CI&T had a net margin of 7.27% and a return on equity of 11.34%. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that CI&T will post 0.2 earnings per share for the current fiscal year.

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.