CI&T Inc. (NYSE:CINT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.7750.

A number of brokerages have recently commented on CINT. Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Canaccord Genuity Group upped their price objective on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. UBS Group upped their price objective on shares of CI&T from $7.00 to $7.10 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th.

Institutional Investors Weigh In On CI&T

Hedge funds have recently modified their holdings of the company. Franklin Resources Inc. purchased a new stake in shares of CI&T in the third quarter valued at about $56,000. Wedbush Securities Inc. purchased a new stake in shares of CI&T in the third quarter valued at about $58,000. RPO LLC purchased a new stake in shares of CI&T in the fourth quarter valued at about $60,000. Russell Investments Group Ltd. grew its holdings in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after purchasing an additional 7,456 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of CI&T in the third quarter valued at about $72,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

Shares of NYSE CINT opened at $4.75 on Thursday. The firm has a 50-day simple moving average of $5.01 and a 200-day simple moving average of $4.76. The stock has a market capitalization of $638.58 million, a price-to-earnings ratio of 15.82 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. CI&T has a 52 week low of $3.98 and a 52 week high of $7.09.

CI&T (NYSE:CINT) last issued its earnings results on Sunday, March 22nd. The company reported $0.05 EPS for the quarter. The business had revenue of $69.07 million during the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. On average, equities analysts predict that CI&T will post 0.2 earnings per share for the current fiscal year.

About CI&T

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.