Canaccord Genuity Group Reaffirms Buy Rating for CI&T (NYSE:CINT)

CI&T (NYSE:CINT - Get Free Report)'s stock had its "buy" rating restated by Canaccord Genuity Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $8.00 target price on the stock, down from their previous target price of $10.00. Canaccord Genuity Group's target price points to a potential upside of 38.89% from the company's current price.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 price objective on the stock in a research report on Monday, May 19th. Cowen restated a "buy" rating on shares of CI&T in a research note on Wednesday, May 14th. Finally, Citigroup began coverage on CI&T in a research note on Friday, April 25th. They issued a "buy" rating and a $7.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.16.

CI&T Stock Performance

NYSE CINT opened at $5.76 on Thursday. The company has a fifty day moving average price of $5.88 and a 200-day moving average price of $6.20. The firm has a market cap of $775.76 million, a price-to-earnings ratio of 28.80 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.55 and a quick ratio of 1.55. CI&T has a 1 year low of $4.42 and a 1 year high of $8.04.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). CI&T had a net margin of 6.30% and a return on equity of 9.48%. The firm had revenue of $110.88 million during the quarter, compared to analysts' expectations of $111.48 million. During the same quarter last year, the business posted $0.30 EPS. As a group, equities research analysts predict that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new position in CI&T in the 1st quarter worth about $62,000. Stifel Financial Corp purchased a new stake in shares of CI&T in the fourth quarter worth about $68,000. Walleye Capital LLC bought a new position in shares of CI&T in the first quarter valued at approximately $103,000. Two Sigma Investments LP purchased a new position in CI&T during the fourth quarter valued at approximately $111,000. Finally, Cubist Systematic Strategies LLC grew its stake in CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock valued at $114,000 after acquiring an additional 8,459 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company's stock.

About CI&T

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.

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