CI&T Inc. (NYSE:CINT) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analyst consensus on CI&T is “Hold,” with seven buy ratings, two hold ratings and two sell ratings among 11 analysts. The average 12-month price target is $6.41, although recent firms including Wedbush, Zacks Research and Weiss Ratings downgraded the stock.
• CI&T shares opened at $3.63, near their 52-week low of $3.03 and below the 200-day moving average of $4.24. The company has a market capitalization of approximately $488 million.
• CI&T reported quarterly earnings of $0.07 per share, missing the $0.09 consensus estimate, while revenue of $142.82 million exceeded expectations. Institutional investors own 92.45% of the company’s shares.

CI&T Inc. (NYSE:CINT - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.4111.

A number of research firms recently weighed in on CINT. Weiss Ratings lowered shares of CI&T from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, June 29th. Zacks Research downgraded shares of CI&T from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. UBS Group increased their price objective on shares of CI&T from $7.10 to $7.20 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Wall Street Zen cut shares of CI&T from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Finally, Wedbush downgraded CI&T from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st.

CI&T Stock Down 0.1%

Shares of CI&T stock opened at $3.63 on Wednesday. The stock's 50-day moving average is $3.53 and its 200 day moving average is $4.24. CI&T has a one year low of $3.03 and a one year high of $5.88. The firm has a market cap of $488.26 million, a price-to-earnings ratio of 11.70 and a beta of 0.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.37.

CI&T (NYSE:CINT - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The firm had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. Equities research analysts anticipate that CI&T will post 0.32 EPS for the current year.

Institutional Trading of CI&T

Hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC grew its stake in CI&T by 93.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company's stock valued at $217,000 after purchasing an additional 17,601 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of CI&T by 551.2% during 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 period. Jane Street Group LLC bought a new stake in shares of CI&T during the 1st quarter worth $163,000. Acadian Asset Management LLC boosted its holdings in shares of 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 buying an additional 29,200 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company's stock worth $67,000 after buying an additional 7,456 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

CI&T Inc NYSE: CINT is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source