Brokerages Set CI&T Inc. (NYSE:CINT) Target Price at $8.16

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine brokerages that are covering the firm, MarketBeat.com reports. Two equities 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. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.16.

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of CI&T from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. JPMorgan Chase & Co. upgraded CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 target price on the stock in a research report on Monday, May 19th. Cowen restated a "buy" rating on shares of CI&T in a research report on Wednesday, May 14th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $8.00 target price (down from $10.00) on shares of CI&T in a research note on Thursday, June 26th. Finally, Citigroup started coverage on CI&T in a report on Friday, April 25th. They set a "buy" rating and a $7.00 price target for the company.

Hedge Funds Weigh In On CI&T

Several hedge funds and other institutional investors have recently made changes to their positions in CINT. Hsbc Holdings PLC acquired a new stake in shares of CI&T during the 1st quarter worth about $62,000. Stifel Financial Corp acquired a new stake in shares of CI&T during the 4th quarter worth about $68,000. Walleye Capital LLC acquired a new stake in shares of CI&T during the 1st quarter worth about $103,000. Two Sigma Investments LP acquired a new stake in shares of CI&T during the 4th quarter worth about $111,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock worth $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.

CI&T Stock Down 2.2%

Shares of CINT stock traded down $0.13 during mid-day trading on Tuesday, hitting $5.75. 110,042 shares of the stock traded hands, compared to its average volume of 106,681. The stock has a market cap of $774.41 million, a P/E ratio of 28.75 and a beta of 1.18. The stock's fifty day moving average is $6.01 and its two-hundred day moving average is $6.18. CI&T has a 52-week low of $4.42 and a 52-week high of $8.04. 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 (NYSE:CINT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share (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 company had revenue of $110.88 million for the quarter, compared to analyst estimates of $111.48 million. During the same quarter last year, the company earned $0.30 EPS. Equities analysts predict that CI&T will post 0.2 EPS for the current year.

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.