Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $7.00

CI&T Inc. (NYSE:CINT) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.00.

A number of equities research analysts have commented on the company. Wedbush began coverage on CI&T in a research report on Friday, May 24th. They issued an “outperform” rating and a $5.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Friday, August 16th. Canaccord Genuity Group lifted their price target on shares of CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of CI&T in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price target on the stock.

Hedge Funds Weigh In On CI&T

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CINT. XTX Topco Ltd purchased a new position in shares of CI&T during the second quarter worth about $76,000. Banco BTG Pactual S.A. grew its stake in CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after buying an additional 10,000 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after acquiring an additional 65,457 shares during the period. Russell Investments Group Ltd. increased its stake in CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after purchasing an additional 7,047 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of CI&T during the second quarter worth about $2,264,000. 92.45% of the stock is owned by institutional investors and hedge funds.

CI&T Stock Performance

NYSE CINT opened at $6.90 on Wednesday. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The firm has a market capitalization of $927.43 million, a P/E ratio of 38.39 and a beta of 1.15. The stock’s fifty day moving average is $6.36 and its two-hundred day moving average is $5.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80.

CI&T (NYSE:CINT) last released its quarterly earnings data on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $100.45 million for the quarter, compared to analyst estimates of $104.75 million. CI&T had a return on equity of 10.93% and a net margin of 4.97%. On average, research analysts anticipate that CI&T will post 0.2 earnings per share for the current year.

CI&T Company Profile

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.