CI&T Inc. (NYSE:CINT) Given Average Recommendation of “Hold” by Brokerages

CI&T Inc. (NYSE:CINT) has earned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.58.

A number of equities analysts have commented on CINT shares. Morgan Stanley restated an “equal weight” rating and issued a $5.50 price target (down from $6.00) on shares of CI&T in a research report on Friday, January 5th. Canaccord Genuity Group boosted their target price on CI&T from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Monday, March 18th.

Institutional Investors Weigh In On CI&T

Institutional investors and hedge funds have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. bought a new stake in CI&T during the 3rd quarter worth about $2,568,000. Herald Investment Management Ltd bought a new stake in shares of CI&T during the third quarter worth approximately $2,304,000. State Street Corp lifted its holdings in CI&T by 5.5% in the second quarter. State Street Corp now owns 50,741 shares of the company’s stock valued at $318,000 after buying an additional 2,636 shares during the period. Citadel Advisors LLC bought a new position in CI&T in the second quarter valued at approximately $192,000. Finally, LPL Financial LLC acquired a new stake in CI&T during the 2nd quarter worth $168,000. Institutional investors own 92.45% of the company’s stock.

CI&T Stock Performance

NYSE:CINT opened at $4.70 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $4.39 and a 200 day moving average price of $4.89. The firm has a market capitalization of $631.73 million, a PE ratio of 21.36 and a beta of 1.04. CI&T has a 12-month low of $3.34 and a 12-month high of $7.20.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. CI&T had a return on equity of 15.96% and a net margin of 7.11%. The business had revenue of $105.50 million for the quarter, compared to analyst estimates of $107.56 million. Research analysts anticipate that CI&T will post 0.25 earnings per share for the current fiscal year.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.