Analysts Set CI&T Inc. (NYSE:CINT) Price Target at $7.80

Key Points

• CI&T Inc. (NYSE:CINT) has received a consensus rating of "Buy" from analysts, with an average 1-year target price of $7.80.
• Institutional investors have increased their holdings in CI&T significantly, with JPMorgan Chase increasing its stake by 24,544.5%, now owning 1,460,678 shares.
• CI&T reported a quarterly earnings per share (EPS) of $0.07, surpassing the consensus estimate of $0.06, and had a net margin of 7.27%.

CI&T Inc. (NYSE:CINT - Get Free Report) has received an average recommendation of "Buy" from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.80.

A number of research firms have recently weighed in on CINT. Wall Street Zen raised CI&T from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. UBS Group dropped their price target on CI&T from $8.00 to $6.80 and set a "neutral" rating for the company in a research note on Tuesday, July 22nd. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $8.00 price target (down from $10.00) on shares of CI&T in a research note on Thursday, June 26th.

Hedge Funds Weigh In On CI&T

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. boosted its stake in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company's stock valued at $17,209,000 after buying an additional 242,811 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in CI&T by 24,544.5% during the second quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company's stock valued at $8,720,000 after buying an additional 1,454,751 shares during the last quarter. Aberdeen Group plc boosted its stake in CI&T by 74.5% during the second quarter. Aberdeen Group plc now owns 492,617 shares of the company's stock valued at $2,970,000 after buying an additional 210,370 shares during the last quarter. Herald Investment Management Ltd boosted its stake in CI&T by 26.8% during the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company's stock valued at $2,682,000 after buying an additional 95,000 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in CI&T by 90.4% during the second quarter. Marshall Wace LLP now owns 380,818 shares of the company's stock valued at $2,273,000 after buying an additional 180,800 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

CI&T Price Performance

Shares of NYSE CINT traded down $0.06 during mid-day trading on Friday, reaching $5.41. The company's stock had a trading volume of 125,824 shares, compared to its average volume of 164,003. The firm has a market capitalization of $728.35 million, a PE ratio of 22.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a fifty day moving average of $5.35 and a two-hundred day moving average of $5.67. CI&T has a 52 week low of $4.42 and a 52 week high of $8.00.

CI&T (NYSE:CINT - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $116.32 million during the quarter, compared to analyst estimates of $659.84 million. CI&T had a return on equity of 11.34% and a net margin of 7.27%. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

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.