CI&T (NYSE:CINT) PT Lowered to $4.25

CI&T (NYSE:CINT) had its price target decreased by research analysts at Citigroup from $4.50 to $4.25 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 9.82% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $5.50 price target (down from $6.00) on shares of CI&T in a report on Friday, January 5th. Canaccord Genuity Group increased their target price on CI&T from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Monday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, CI&T has a consensus rating of “Hold” and a consensus price target of $5.38.

CI&T Stock Down 3.5 %

CI&T stock opened at $3.87 on Monday. The firm has a market capitalization of $520.17 million, a price-to-earnings ratio of 17.59 and a beta of 1.04. The company’s 50 day simple moving average is $4.36 and its 200 day simple moving average is $4.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.00 and a quick ratio of 2.00. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $7.20.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. CI&T had a net margin of 7.11% and a return on equity of 15.96%. The company had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $107.56 million. As a group, sell-side analysts anticipate that CI&T will post 0.25 EPS for the current year.

Institutional Investors Weigh In On CI&T

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of CI&T by 4.6% during the 4th 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 in the last quarter. Herald Investment Management Ltd acquired a new position in CI&T during the third quarter worth $2,304,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in CI&T in the third quarter valued at $2,568,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.