CI&T Inc. (NYSE:CINT) Given Consensus Rating of "Moderate Buy" by Analysts

CI&T Inc. (NYSE:CINT - Get Free Report) has received an average rating of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $8.16.

Several research firms have issued reports 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 on the stock 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. Wall Street Zen raised shares of CI&T from a "buy" rating to a "strong-buy" rating in a report on Saturday. Canaccord Genuity Group reissued a "buy" rating and issued a $8.00 price target (down previously from $10.00) on shares of CI&T in a report on Thursday, June 26th. Finally, Citigroup initiated coverage on shares of CI&T in a report on Friday, April 25th. They issued a "buy" rating and a $7.00 price target on the stock.

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP bought a new position in shares of CI&T during the 4th quarter valued at $111,000. Bank of New York Mellon Corp bought a new position in shares of CI&T during the 4th quarter valued at $3,036,000. Cubist Systematic Strategies LLC grew its holdings 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 valued at $114,000 after purchasing an additional 8,459 shares during the last quarter. Stifel Financial Corp bought a new position in shares of CI&T during the 4th quarter valued at $68,000. Finally, Renaissance Technologies LLC grew its holdings in shares of CI&T by 110.0% during the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock valued at $678,000 after purchasing an additional 58,500 shares during the last quarter. Institutional investors own 92.45% of the company's stock.

CI&T Stock Performance

NYSE CINT opened at $5.92 on Tuesday. CI&T has a 1 year low of $4.42 and a 1 year 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. The stock has a market capitalization of $797.31 million, a PE ratio of 29.60 and a beta of 1.18. The company's 50 day simple moving average is $6.01 and its two-hundred day simple moving average is $6.18.

CI&T (NYSE:CINT - Get Free Report) last posted its earnings results 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 return on equity of 9.48% and a net margin of 6.30%. The firm had revenue of $110.88 million during the quarter, compared to analysts' expectations of $111.48 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. Analysts predict that CI&T will post 0.2 earnings per share for the current fiscal 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.

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