CI&T Inc. (NYSE:CINT) Stock Has Consensus Target Price of $6.08 According to Analysts

Shares of CI&T Inc. (NYSE:CINT) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.08.

CINT has been the topic of several analyst reports. Zacks Research upgraded CI&T from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Wedbush lowered shares of CI&T from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. JPMorgan Chase & Co. cut their price target on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. UBS Group reduced their price target on shares of CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th.

Hedge Funds Weigh In On CI&T

Several large investors have recently added to or reduced their stakes in CINT. GMT Capital Corp bought a new position in shares of CI&T in the 4th quarter worth about $1,786,000. Beacon Hill Wealth Management LTD. bought a new position in shares of CI&T during the second quarter valued at approximately $617,000. Lazard Asset Management LLC grew its holdings in shares of CI&T by 6.4% during the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after purchasing an additional 6,171 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of CI&T by 118.1% in the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after purchasing an additional 22,525 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of CI&T in the 1st quarter worth approximately $181,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Price Performance

CINT opened at $3.21 on Thursday. CI&T has a twelve month low of $2.80 and a twelve month high of $5.80. The firm has a market cap of $432.54 million, a price-to-earnings ratio of 11.08 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $3.80.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $142.82 million during the quarter, compared to analyst estimates of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. Equities research analysts expect that CI&T will post 0.31 EPS for the current fiscal year.

Key CI&T News

Here are the key news stories impacting CI&T this week:

• Positive Sentiment: CEO Cesar Nivaldo Gon purchased a combined 6,684 shares for approximately $20,145 across transactions on September 29 and 30, increasing his holdings by roughly 8.8%. Insider Buying: CI&T CEO Buys Stock
• Positive Sentiment: Insider and director Fernando Matt Borges Martins bought 4,123 shares for $13,111 at an average price of $3.18. Bruno Guicardi Neto also acquired 2,825 shares for approximately $8,410 across two transactions. The buying was disclosed in Securities and Exchange Commission filings. SEC Insider Ownership Filing
• Positive Sentiment: Wall Street’s overall view remains favorable: seven analysts rate CI&T Buy, three rate it Hold and one rates it Sell. The consensus price target of $6.08 is well above the recent trading range, potentially supporting investor interest.
• Neutral Sentiment: Institutional ownership is high at 92.45%, with several funds recently initiating or increasing positions. This may provide some shareholder support but does not represent a new company catalyst.
• Negative Sentiment: Recent analyst actions have been mixed. TD Cowen, UBS and JPMorgan reduced their price targets, while Wedbush downgraded the stock to Neutral and Weiss Ratings maintained a Sell rating. The latest quarterly earnings also missed the consensus earnings-per-share estimate, despite revenue exceeding expectations.

About CI&T

CI&T (NYSE:CINT) is a global technology and digital transformation services company that helps organizations modernize their operations, customer experiences and technology platforms. Its offerings include business and technology strategy, product design, software engineering, cloud modernization, data and artificial intelligence, cybersecurity, and managed technology services.

Founded in 1995 and headquartered in Campinas, Brazil, CI&T works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.