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

CI&T Inc. (NYSE:CINT) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $7.20.

Several brokerages have recently commented on CINT. UBS Group set a $7.00 price objective on CI&T and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their price target on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Canaccord Genuity Group lowered their price objective on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock 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 research report on Sunday, January 18th.

CI&T Stock Up 0.9%

CINT opened at $4.95 on Friday. The firm has a market capitalization of $666.13 million, a P/E ratio of 18.32 and a beta of 1.15. CI&T has a one year low of $3.98 and a one year high of $8.00. The company has a fifty day moving average price of $4.53 and a 200-day moving average price of $4.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40.

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

Hedge Funds Weigh In On CI&T

Several institutional investors have recently modified their holdings of CINT. JPMorgan Chase & Co. lifted its position in CI&T by 24,544.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock worth $8,720,000 after buying an additional 1,454,751 shares during the last quarter. Royce & Associates LP purchased a new position in shares of CI&T during the third quarter worth approximately $2,696,000. BW Gestao de Investimentos Ltda. raised its stake in shares of CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after acquiring an additional 242,811 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of CI&T by 74.5% in the 2nd quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock worth $2,970,000 after acquiring an additional 210,370 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of CI&T by 90.4% in the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after purchasing an additional 180,800 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.