CI&T’s (CINT) Buy Rating Reiterated at Canaccord Genuity Group

CI&T (NYSE:CINT)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a report issued on Monday,Benzinga reports. They presently have a $10.00 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 57.48% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. UBS Group upped their price objective on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. TD Cowen assumed coverage on shares of CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. Finally, Wedbush set a $9.00 price target on shares of CI&T in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.37.

CI&T Trading Down 1.6 %

NYSE CINT opened at $6.35 on Monday. The company has a market capitalization of $853.52 million, a PE ratio of 48.85 and a beta of 1.18. The company has a fifty day moving average of $6.82 and a 200 day moving average of $6.75. CI&T has a 1 year low of $3.34 and a 1 year high of $8.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.36). The firm had revenue of $112.34 million during the quarter, compared to analyst estimates of $646.68 million. CI&T had a return on equity of 9.55% and a net margin of 4.39%. Research analysts forecast that CI&T will post 0.2 earnings per share for the current year.

Institutional Trading of CI&T

Several large investors have recently bought and sold shares of CINT. GSA Capital Partners LLP grew its stake in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after acquiring an additional 2,995 shares in the last quarter. State Street Corp grew its stake in CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after acquiring an additional 15,083 shares in the last quarter. Virtu Financial LLC purchased a new stake in CI&T during the 3rd quarter valued at about $108,000. Verde Servicos Internacionais S.A. purchased a new stake in CI&T during the 4th quarter valued at about $152,000. Finally, WCM Investment Management LLC grew its stake in CI&T by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after acquiring an additional 45,574 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.