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

CI&T Inc. (NYSE:CINT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $8.26.

Several research firms have commented on CINT. Canaccord Genuity Group reiterated a "buy" rating and issued a $10.00 price objective on shares of CI&T in a research note on Monday, March 17th. Citigroup started 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. Finally, Wedbush set a $9.00 price target on shares of CI&T in a research note on Monday, February 3rd.

CI&T Trading Down 4.5%

NYSE:CINT opened at $6.15 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $828.02 million, a price-to-earnings ratio of 47.30 and a beta of 1.24. CI&T has a 52 week low of $3.39 and a 52 week high of $8.04. The firm has a 50-day moving average price of $5.71 and a two-hundred day moving average price of $6.35.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $110.88 million during the quarter, compared to analysts' expectations of $111.48 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. During the same quarter last year, the business posted $0.30 EPS. On average, equities analysts expect that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several large investors have recently modified their holdings of CINT. Cubist Systematic Strategies LLC boosted its holdings in CI&T by 82.2% in the 4th 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. Hsbc Holdings PLC bought a new position in CI&T in the 1st quarter worth approximately $62,000. Stifel Financial Corp bought a new position in CI&T in the 4th quarter worth approximately $68,000. Walleye Capital LLC bought a new position in CI&T in the 1st quarter worth approximately $103,000. Finally, Two Sigma Investments LP bought a new position in CI&T in the 4th quarter worth approximately $111,000. Hedge funds and other institutional investors 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.

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