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

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) have received an average rating of "Moderate Buy" from the nine ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $8.41.

CINT has been the topic of a number of research reports. Wedbush set a $9.00 price target on shares of CI&T in a research note on Monday, February 3rd. 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 note on Monday, May 19th. Cowen restated a "buy" rating on shares of CI&T in a research note on Wednesday, May 14th. Canaccord Genuity Group reiterated a "buy" rating and set a $10.00 price objective on shares of CI&T in a research report on Monday, March 17th. Finally, Citigroup assumed coverage on CI&T in a report on Friday, April 25th. They set a "buy" rating and a $7.00 target price for the company.

CI&T Stock Performance

Shares of CINT traded down $0.08 during mid-day trading on Monday, reaching $6.29. The company's stock had a trading volume of 84,274 shares, compared to its average volume of 98,138. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a 1-year low of $4.03 and a 1-year high of $8.04. The business has a 50-day simple moving average of $5.71 and a two-hundred day simple moving average of $6.34. The stock has a market cap of $847.15 million, a P/E ratio of 48.39 and a beta of 1.24.

CI&T (NYSE:CINT - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 9.55% and a net margin of 4.39%. During the same period last year, the firm earned $0.30 earnings per share. As a group, equities research analysts anticipate that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Verde Servicos Internacionais S.A. bought a new position in CI&T in the 4th quarter valued at about $152,000. WCM Investment Management LLC increased its stake in CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock valued at $8,747,000 after acquiring an additional 45,574 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in CI&T during the fourth quarter valued at approximately $3,036,000. Renaissance Technologies LLC raised its position in CI&T by 110.0% during the fourth 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 in the last quarter. Finally, Marshall Wace LLP lifted its stake in CI&T by 134.4% during the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company's stock worth $535,000 after purchasing an additional 50,543 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company's stock.

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.