Citigroup began coverage on shares of CI&T (NYSE:CINT - Free Report) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $7.00 price target on the stock.
Several other analysts have also commented on the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $10.00 price target on shares of CI&T in a research note on Monday, March 17th. Wedbush set a $9.00 price target on CI&T in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.26.
Check Out Our Latest Stock Report on CI&T
CI&T Stock Performance
Shares of NYSE:CINT traded up $0.01 during trading on Friday, hitting $5.81. 34,254 shares of the stock were exchanged, compared to its average volume of 94,108. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The company has a market capitalization of $782.50 million, a price-to-earnings ratio of 44.70 and a beta of 1.24. The company's fifty day simple moving average is $5.97 and its 200-day simple moving average is $6.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58.
CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.36). CI&T had a return on equity of 9.55% and a net margin of 4.39%. The firm had revenue of $112.34 million for the quarter, compared to analyst estimates of $646.68 million. Sell-side analysts expect that CI&T will post 0.2 EPS for the current fiscal year.
Hedge Funds Weigh In On CI&T
Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp bought a new stake in shares of CI&T during the fourth quarter worth $68,000. Virtu Financial LLC bought a new stake in shares of CI&T during the third quarter worth $108,000. Two Sigma Investments LP bought a new stake in shares of CI&T during the fourth quarter worth $111,000. Cubist Systematic Strategies LLC raised its position in shares of CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock worth $114,000 after acquiring an additional 8,459 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new stake in shares of CI&T during the fourth quarter worth $152,000. Institutional investors own 92.45% of the company's stock.
CI&T Company Profile
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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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