CI&T (NYSE:CINT) Given "Buy" Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of CI&T (NYSE:CINT - Free Report) in a report issued on Thursday morning,Benzinga reports. They currently have a $8.00 price objective on the stock, down from their previous price objective of $10.00.

A number of other equities analysts also recently commented on CINT. JPMorgan Chase & Co. upgraded shares of CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 target price for the company in a research note on Monday, May 19th. Cowen reiterated a "buy" rating on shares of CI&T in a research note on Wednesday, May 14th. Finally, Citigroup initiated coverage on shares of CI&T in a research note on Friday, April 25th. They issued a "buy" rating and a $7.00 price objective for the company. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $8.16.

CI&T Stock Down 1.2%

Shares of NYSE:CINT traded down $0.07 during trading on Thursday, hitting $5.79. The company's stock had a trading volume of 67,278 shares, compared to its average volume of 106,371. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.55 and a current ratio of 1.55. The business has a 50 day moving average price of $5.92 and a two-hundred day moving average price of $6.19. The company has a market capitalization of $779.39 million, a PE ratio of 28.94 and a beta of 1.21. CI&T has a fifty-two week low of $4.42 and a fifty-two week high of $8.04.

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

Hedge Funds Weigh In On CI&T

Large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new position in CI&T in the first quarter valued at $62,000. Stifel Financial Corp acquired a new stake in shares of CI&T during the fourth quarter worth about $68,000. Walleye Capital LLC acquired a new stake in shares of CI&T during the first quarter worth about $103,000. Two Sigma Investments LP acquired a new stake in shares of CI&T during the fourth quarter worth about $111,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock worth $114,000 after buying an additional 8,459 shares during the period. Institutional investors and hedge funds 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.