CI&T (NYSE:CINT) Price Target Cut to $6.80 by Analysts at UBS Group

CI&T (NYSE:CINT - Free Report) had its target price cut by UBS Group from $8.00 to $6.80 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently commented on CINT. Wall Street Zen downgraded CI&T from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 13th. Citigroup initiated coverage on CI&T in a research report on Friday, April 25th. They issued a "buy" rating and a $7.00 target price for the company. Cowen reaffirmed a "buy" rating on shares of CI&T in a report on Wednesday, May 14th. Canaccord Genuity Group reissued a "buy" rating and set a $8.00 price objective (down from $10.00) on shares of CI&T in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. upgraded shares of CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 target price on the stock in a report on Monday, May 19th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.01.

CI&T Stock Up 1.5%

NYSE CINT traded up $0.08 during trading hours on Tuesday, reaching $5.50. 93,258 shares of the company's stock traded hands, compared to its average volume of 148,520. CI&T has a 52-week low of $4.42 and a 52-week high of $8.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a 50-day simple moving average of $5.92 and a 200 day simple moving average of $6.14. The firm has a market cap of $740.74 million, a PE ratio of 27.10 and a beta of 1.18.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). CI&T had a net margin of 6.30% and a return on equity of 9.48%. The company had revenue of $110.88 million for the quarter, compared to the consensus estimate of $111.48 million. During the same period last year, the business earned $0.30 EPS. Sell-side analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Trading of CI&T

A number of hedge funds and other institutional investors have recently bought and sold shares of CINT. BW Gestao de Investimentos Ltda. lifted its position in shares of CI&T by 20.8% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company's stock valued at $16,387,000 after buying an additional 464,529 shares in the last quarter. Aberdeen Group plc lifted its holdings in CI&T by 74.5% during the second quarter. Aberdeen Group plc now owns 492,617 shares of the company's stock valued at $2,970,000 after purchasing an additional 210,370 shares in the last quarter. Herald Investment Management Ltd boosted its position in shares of CI&T by 26.8% in the second 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 period. Renaissance Technologies LLC increased its stake in shares of CI&T by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock worth $678,000 after purchasing an additional 58,500 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of CI&T by 47.7% during the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company's stock valued at $531,000 after purchasing an additional 29,200 shares during the period. Hedge funds and other institutional investors own 92.45% of the company's stock.

CI&T Company Profile

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.