CI&T Inc. (NYSE:CINT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CI&T Inc. (NYSE:CINT) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.00.

A number of research firms have recently commented on CINT. JPMorgan Chase & Co. boosted their price target on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. The Goldman Sachs Group assumed coverage on CI&T in a research note on Wednesday, September 4th. They set a “neutral” rating and a $7.30 target price for the company. Canaccord Genuity Group raised their price target on shares of CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Friday, August 16th. Finally, Citigroup raised their target price on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 19th.

CI&T Price Performance

NYSE:CINT opened at $7.31 on Friday. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80. The firm’s 50-day simple moving average is $6.79 and its 200 day simple moving average is $5.40. The firm has a market cap of $982.55 million, a price-to-earnings ratio of 40.61 and a beta of 1.15.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company 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%. As a group, sell-side analysts predict that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of CI&T during the second quarter valued at approximately $76,000. Banco BTG Pactual S.A. increased 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 valued at $221,000 after purchasing an additional 10,000 shares in the last quarter. Marshall Wace LLP raised its holdings in CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after buying an additional 65,457 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in CI&T during the second quarter worth $2,264,000. Finally, BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 168.7% in the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after buying an additional 666,212 shares in the last quarter. 92.45% of the stock is owned by institutional investors.

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.