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

Key Points

• CI&T Inc. has received an average consensus rating of "Moderate Buy" from nine brokerages, with a twelve-month price target averaging $8.01.
• The company's recent quarterly earnings showed a missed EPS estimate of $0.05 compared to the consensus of $0.07, with revenue totaling $110.88 million.
• Institutional investors currently hold 92.45% of CI&T's stock, indicating strong support from large financial institutions.

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine research firms that are covering the company, Marketbeat Ratings reports. Two investment 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 price target among brokers that have updated their coverage on the stock in the last year is $8.0125.

A number of equities research analysts recently weighed in on CINT shares. JPMorgan Chase & Co. raised 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. UBS Group decreased their target price on CI&T from $8.00 to $6.80 and set a "neutral" rating on the stock in a research report on Tuesday, July 22nd. Canaccord Genuity Group reissued a "buy" rating and set a $8.00 target price (down from $10.00) on shares of CI&T in a research report on Thursday, June 26th. Citigroup started coverage on CI&T in a research report on Friday, April 25th. They set a "buy" rating and a $7.00 target price on the stock. Finally, Wall Street Zen downgraded CI&T from a "buy" rating to a "hold" rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CINT. Aberdeen Group plc raised its position in CI&T by 74.5% in the 2nd quarter. Aberdeen Group plc now owns 492,617 shares of the company's stock worth $2,970,000 after purchasing an additional 210,370 shares during the last quarter. Herald Investment Management Ltd raised its position in CI&T by 26.8% in the 2nd quarter. Herald Investment Management Ltd now owns 450,000 shares of the company's stock worth $2,682,000 after purchasing an additional 95,000 shares during the last quarter. Goldman Sachs Group Inc. raised its position in CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company's stock worth $442,000 after purchasing an additional 62,688 shares during the last quarter. Acadian Asset Management LLC raised its position in CI&T by 47.7% in the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company's stock worth $531,000 after purchasing an additional 29,200 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in CI&T in the 1st quarter worth approximately $163,000. Institutional investors own 92.45% of the company's stock.

CI&T Stock Performance

Shares of NYSE:CINT traded up $0.05 during midday trading on Friday, hitting $5.41. The company's stock had a trading volume of 26,105 shares, compared to its average volume of 146,316. The stock has a market capitalization of $728.48 million, a price-to-earnings ratio of 26.98 and a beta of 1.17. The stock's 50 day simple moving average is $5.77 and its 200 day simple moving average is $6.10. CI&T has a fifty-two week low of $4.42 and a fifty-two week high of $8.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.55 and a current ratio of 1.55.

CI&T (NYSE:CINT - Get Free Report) last issued 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 business had revenue of $110.88 million during the quarter, compared to analyst estimates of $111.48 million. CI&T had a net margin of 6.30% and a return on equity of 9.48%. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, research analysts anticipate that CI&T will post 0.2 earnings per share for the current 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.