CI&T Inc. (NYSE:CINT) Receives Average Rating of “Hold” from Analysts

Shares of CI&T Inc. (NYSE:CINT) have been given an average rating of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.0778.

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings downgraded 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 cut CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. TD Cowen decreased their price target on CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $4.00 in a report on Tuesday, July 21st.

CI&T Stock Up 2.8%

Shares of NYSE:CINT opened at $3.61 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $485.83 million, a P/E ratio of 12.45 and a beta of 0.81. CI&T has a 52-week low of $3.03 and a 52-week high of $5.88. The stock’s fifty day simple moving average is $3.44 and its 200-day simple moving average is $4.06.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 11.69% and a net margin of 6.79%.The business had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. As a group, equities research analysts forecast that CI&T will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Several hedge funds have recently made changes to their positions in CINT. Franklin Resources Inc. acquired a new position in CI&T during the 3rd quarter worth $56,000. Janney Montgomery Scott LLC bought a new stake in shares of CI&T during the 1st quarter worth about $60,000. RPO LLC acquired a new stake in shares of CI&T in the 4th quarter worth approximately $60,000. Russell Investments Group Ltd. boosted its holdings in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after acquiring an additional 7,456 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of CI&T by 50.6% during the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after acquiring an additional 5,700 shares during the period. Institutional investors own 92.45% of the company’s stock.

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.