CI&T Inc. (NYSE:CINT) Receives $8.26 Average Target Price from Brokerages

CI&T Inc. (NYSE:CINT) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $8.14.

A number of research firms have recently weighed in on CINT. Citigroup began coverage on CI&T in a research note on Friday, April 25th. They set a “buy” rating and a $7.00 price objective for the company. JPMorgan Chase & Co. raised CI&T from a “neutral” rating to an “overweight” rating and set a $7.00 price target for the company in a research note on Monday. Wedbush set a $9.00 price target on CI&T in a research note on Monday, February 3rd. Cowen reissued a “buy” rating on shares of CI&T in a research report on Wednesday, May 14th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $10.00 price objective on shares of CI&T in a research report on Monday, March 17th.

CI&T Stock Down 1.9%

Shares of CINT opened at $6.30 on Monday. The firm has a market cap of $848.50 million, a P/E ratio of 48.47 and a beta of 1.24. The stock has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $6.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. CI&T has a 1 year low of $3.49 and a 1 year high of $8.04.

CI&T (NYSE:CINT) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $110.88 million for the quarter, compared to analysts’ expectations of $111.48 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. During the same period last year, the company posted $0.30 EPS. On average, analysts forecast 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 and hedge funds have recently modified their holdings of CINT. Verde Servicos Internacionais S.A. purchased a new stake in shares of CI&T during the fourth quarter valued at $152,000. WCM Investment Management LLC boosted its position in shares of CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after buying an additional 45,574 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of CI&T during the fourth quarter valued at $3,036,000. Renaissance Technologies LLC boosted its position in CI&T by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock worth $678,000 after purchasing an additional 58,500 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in CI&T by 134.4% in the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock worth $535,000 after purchasing an additional 50,543 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

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.