CI&T Inc. (NYSE:CINT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.41.

Several equities analysts have recently issued reports on the stock. Cowen reaffirmed a "buy" rating on shares of CI&T in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 price target on the stock in a report on Monday, May 19th. Canaccord Genuity Group reiterated a "buy" rating and set a $10.00 price target on shares of CI&T in a research note on Monday, March 17th. 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 for the company.

Institutional Trading of CI&T

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC grew its stake in CI&T by 47.7% in the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company's stock valued at $531,000 after purchasing an additional 29,200 shares during the period. Jane Street Group LLC bought a new stake in CI&T in the first quarter worth about $163,000. Goldman Sachs Group Inc. raised its position in CI&T by 551.2% in the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company's stock worth $442,000 after acquiring an additional 62,688 shares during the period. Cubist Systematic Strategies LLC boosted its stake in CI&T by 93.8% in the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company's stock valued at $217,000 after acquiring an additional 17,601 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of CI&T during the 1st quarter valued at approximately $103,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Price Performance

Shares of NYSE:CINT traded down $0.12 during midday trading on Friday, hitting $5.77. The stock had a trading volume of 89,743 shares, compared to its average volume of 107,650. The company's 50-day moving average price is $5.70 and its 200-day moving average price is $6.26. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a fifty-two week low of $4.42 and a fifty-two week high of $8.04. The company has a market capitalization of $777.12 million, a P/E ratio of 44.39 and a beta of 1.21.

CI&T (NYSE:CINT - Get Free Report) last announced its quarterly 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). The company had revenue of $110.88 million for the quarter, compared to the consensus estimate of $111.48 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. During the same period last year, the firm posted $0.30 earnings per share. As a group, equities research analysts predict 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.