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

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $7.4667.

A number of equities analysts have commented on the company. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Canaccord Genuity Group decreased their price target on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CI&T in a research note on Thursday, October 30th. JPMorgan Chase & Co. cut their price objective on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

CI&T Stock Performance

NYSE CINT opened at $4.86 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $653.87 million, a P/E ratio of 17.98 and a beta of 1.15. CI&T has a 12-month low of $3.98 and a 12-month high of $8.00. The firm has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $5.26.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $127.31 million for the quarter, compared to the consensus estimate of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. Analysts anticipate that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Herald Investment Management Ltd increased its stake in shares of CI&T by 26.8% in the 2nd quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock valued at $2,682,000 after purchasing an additional 95,000 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in CI&T in the second quarter valued at about $439,000. Aberdeen Group plc boosted its stake in CI&T by 74.5% in the second quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after buying an additional 210,370 shares in the last quarter. Goldman Sachs Group Inc. grew its position in CI&T by 551.2% in the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after acquiring an additional 62,688 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in CI&T during the first quarter worth about $103,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.