CI&T Inc. (NYSE:CINT) Receives $6.74 Consensus PT from Analysts

CI&T Inc. (NYSE:CINT) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.7444.

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Wedbush decreased their price objective on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. TD Cowen dropped their price target on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings cut CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Finally, Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC raised its position in shares of CI&T by 93.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock valued at $217,000 after acquiring an additional 17,601 shares during the period. Goldman Sachs Group Inc. grew its stake 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 period. Jane Street Group LLC bought a new stake in shares of CI&T in the first quarter worth about $163,000. Acadian Asset Management LLC increased its holdings in shares of CI&T by 47.7% in the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after acquiring an additional 29,200 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of CI&T by 176.3% during the second 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 period. Institutional investors own 92.45% of the company’s stock.

CI&T Stock Up 0.8%

NYSE CINT opened at $3.25 on Friday. CI&T has a twelve month low of $3.12 and a twelve month high of $5.88. The stock has a market cap of $438.06 million, a PE ratio of 10.50 and a beta of 0.81. The firm has a 50-day simple moving average of $3.62 and a 200 day simple moving average of $4.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $136.61 million during the quarter, compared to the consensus estimate of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. On average, research analysts forecast that CI&T will post 0.34 EPS for the current 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.