CI&T (NYSE:CINT) Given New $6.20 Price Target at UBS Group

Key Points

• UBS Group lowered CI&T’s price target to $6.20 from $7.20 while maintaining a “buy” rating, implying roughly 86% upside from the $3.33 share price.
• CI&T shares fell 8.5%, and the company’s latest quarterly EPS of $0.07 missed the $0.09 consensus estimate, although revenue of $142.82 million exceeded expectations.
• Analyst sentiment is mixed: MarketBeat reports a consensus “hold” rating and average price target of $6.30, while institutional investors own 92.45% of the company.

CI&T (NYSE:CINT - Get Free Report) had its target price reduced by research analysts at UBS Group from $7.20 to $6.20 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price target would suggest a potential upside of 86.19% from the stock's current price.

Other research analysts have also recently issued reports about the stock. TD Cowen decreased their target price on shares of CI&T from $8.00 to $6.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Wall Street Zen cut shares of CI&T from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Zacks Research cut shares of CI&T from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Wedbush lowered shares of CI&T from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $7.00 to $4.00 in a report on Tuesday, July 21st. Finally, Weiss Ratings lowered shares of CI&T from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, June 29th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $6.30.

CI&T Trading Down 8.5%

CI&T stock opened at $3.33 on Wednesday. CI&T has a 12 month low of $3.03 and a 12 month high of $5.88. The company has a market capitalization of $448.15 million, a price-to-earnings ratio of 10.76 and a beta of 0.81. The business's fifty day simple moving average is $3.53 and its two-hundred day simple moving average is $4.24. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $142.82 million during the quarter, compared to analysts' expectations of $140.05 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. As a group, equities analysts predict that CI&T will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GMT Capital Corp bought a new position in shares of CI&T in the fourth quarter worth approximately $1,786,000. Royce & Associates LP increased its stake in shares of CI&T by 69.7% in the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company's stock worth $3,615,000 after purchasing an additional 364,696 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of CI&T during the 4th quarter valued at $204,000. R Squared Ltd bought a new stake in shares of CI&T during the 4th quarter valued at $113,000. Finally, NewEdge Advisors LLC purchased a new position in shares of CI&T during the 1st quarter valued at $181,000. Institutional investors own 92.45% of the company's stock.

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.

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