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

Key Points

• Analysts give CI&T an average “Hold” rating: Seven analysts rate it a buy, two a hold and two a sell, with an average 12-month price target of approximately $6.08.
• CI&T shares opened at $3.61 and were up 2.8%, while the stock remains near its 52-week low of $3.03. Recent analyst actions included multiple price-target cuts and downgrades.
• The company reported quarterly EPS of $0.07, below the $0.09 consensus estimate, though revenue of $142.82 million exceeded expectations. Institutional investors own 92.45% of the stock.

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) have been given an average rating of "Hold" by the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.0778.

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on CI&T from $6.00 to $5.00 and set an "overweight" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of CI&T from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, June 29th. Wall Street Zen cut CI&T from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. TD Cowen decreased their price target on CI&T from $6.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. Finally, Wedbush downgraded CI&T from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $7.00 to $4.00 in a report on Tuesday, July 21st.

CI&T Stock Up 2.8%

Shares of NYSE:CINT opened at $3.61 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $485.83 million, a P/E ratio of 12.45 and a beta of 0.81. CI&T has a 52-week low of $3.03 and a 52-week high of $5.88. The stock's fifty day simple moving average is $3.44 and its 200-day simple moving average is $4.06.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 11.69% and a net margin of 6.79%.The business had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. As a group, equities research analysts forecast that CI&T will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Several hedge funds have recently made changes to their positions in CINT. Franklin Resources Inc. acquired a new position in CI&T during the 3rd quarter worth $56,000. Janney Montgomery Scott LLC bought a new stake in shares of CI&T during the 1st quarter worth about $60,000. RPO LLC acquired a new stake in shares of CI&T in the 4th quarter worth approximately $60,000. Russell Investments Group Ltd. boosted its holdings in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company's stock valued at $67,000 after acquiring an additional 7,456 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of CI&T by 50.6% during the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company's stock valued at $69,000 after acquiring an additional 5,700 shares during the period. 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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