CI&T (NYSE:CINT) Lifted to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of CI&T (NYSE:CINT) from a hold rating to a buy rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. Canaccord Genuity Group currently has $6.00 price target on the stock, up from their previous price target of $5.00.

Several other brokerages have also recently weighed in on CINT. Canaccord Genuity Group upgraded shares of CI&T from a hold rating to a buy rating and increased their price objective for the stock from $5.00 to $6.00 in a research note on Thursday. UBS Group assumed coverage on shares of CI&T in a research report on Tuesday, May 14th. They issued a neutral rating and a $4.20 price target on the stock. Finally, Citigroup dropped their price target on shares of CI&T from $4.50 to $4.25 and set a neutral rating on the stock in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $5.37.

CI&T Price Performance

Shares of CINT opened at $4.55 on Thursday. The firm has a fifty day simple moving average of $4.04 and a two-hundred day simple moving average of $4.56. The firm has a market cap of $611.57 million, a PE ratio of 25.28 and a beta of 1.03. The company has a current ratio of 1.82, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. CI&T has a 1-year low of $3.34 and a 1-year high of $7.20.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. CI&T had a return on equity of 14.03% and a net margin of 6.03%. The company had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $107.56 million. On average, equities analysts anticipate that CI&T will post 0.25 EPS for the current year.

Institutional Trading of CI&T

Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in shares of CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after acquiring an additional 7,047 shares during the period. Herald Investment Management Ltd bought a new position in CI&T in the 3rd quarter worth approximately $2,304,000. Banco BTG Pactual S.A. grew its holdings in CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after buying an additional 10,000 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its position in shares of CI&T by 168.7% during the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after buying an additional 666,212 shares during the last quarter. Finally, WCM Investment Management LLC boosted its position in shares of CI&T by 4.4% during the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after acquiring an additional 58,489 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

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.