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

Shares of CI&T Inc. (NYSE:CINT) have received an average rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $6.7444.

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

CI&T Stock Performance

NYSE CINT opened at $3.23 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. CI&T has a twelve month low of $3.16 and a twelve month high of $5.88. The business has a 50-day moving average price of $3.63 and a 200-day moving average price of $4.38. The firm has a market cap of $434.16 million, a price-to-earnings ratio of 10.41 and a beta of 0.81.

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

Institutional Trading of CI&T

A number of large investors have recently made changes to their positions in CINT. NewEdge Advisors LLC bought a new stake in CI&T during the first quarter worth approximately $181,000. Lazard Asset Management LLC increased its stake in CI&T by 6.4% in the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock worth $521,000 after purchasing an additional 6,171 shares during the period. R Squared Ltd increased its stake in CI&T by 24.1% in the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after buying an additional 6,707 shares during the period. Janney Montgomery Scott LLC bought a new stake in CI&T during the 1st quarter valued at about $60,000. Finally, XTX Topco Ltd purchased a new stake in CI&T in the 4th quarter valued at about $287,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

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.