CI&T (NYSE:CINT) Price Target Cut to $6.00 by Analysts at TD Cowen

CI&T (NYSE:CINT) had its price target lowered by stock analysts at TD Cowen from $8.00 to $6.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 77.51% from the company’s current price.

A number of other research firms also recently commented on CINT. Wedbush decreased their target price on CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings cut CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. UBS Group increased their target price on CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Canaccord Genuity Group raised their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.64.

CI&T Price Performance

Shares of NYSE:CINT traded up $0.07 during midday trading on Thursday, reaching $3.38. 79,080 shares of the company were exchanged, compared to its average volume of 152,993. The stock has a market cap of $454.88 million, a PE ratio of 10.90 and a beta of 0.81. The business’s fifty day moving average is $3.73 and its two-hundred day moving average is $4.43. CI&T has a one year low of $3.16 and a one year high of $5.93. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18.

CI&T (NYSE:CINT) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $133.28 million. As a group, analysts predict that CI&T will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its holdings 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 purchasing an additional 17,601 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in CI&T by 551.2% during the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares during the period. Jane Street Group LLC bought a new position in CI&T in the first quarter worth approximately $163,000. Acadian Asset Management LLC raised its stake in 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 buying an additional 29,200 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in 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 buying an additional 7,456 shares during the period. 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.