CI&T Inc. (NYSE:CINT) Stock Has Consensus Target Price of $6.08

Key Points

• CI&T has a “Moderate Buy” consensus rating from 11 analysts, with seven buys, three holds and one sell. The average 12-month price target is $6.08, nearly double the stock’s reported $3.06 price.
• Recent analyst actions have generally been cautious: UBS and TD Cowen lowered their price targets while retaining buy ratings, and Wedbush downgraded the stock to neutral with a $4 target.
• CI&T’s latest quarterly EPS of $0.07 missed estimates of $0.09, although 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 received a consensus rating of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.08.

CINT has been the topic of a number of research analyst reports. UBS Group dropped their price target on CI&T from $7.20 to $6.20 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Zacks Research raised shares of CI&T from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. TD Cowen decreased their price objective on shares of CI&T from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of CI&T in a research report on Friday, September 25th. Finally, Wedbush cut shares of 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 Up 1.2%

CI&T stock opened at $3.06 on Thursday. The firm has a market capitalization of $412.49 million, a PE ratio of 10.57 and a beta of 0.81. The company's 50-day moving average is $3.35 and its 200-day moving average is $3.82. CI&T has a fifty-two week low of $2.80 and a fifty-two week high of $5.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31.

CI&T (NYSE:CINT - Get Free Report) last issued its earnings results 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). The firm had revenue of $142.82 million during the quarter, compared to analyst estimates of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. Sell-side analysts anticipate that CI&T will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CINT. GMT Capital Corp bought a new stake in shares of CI&T during the fourth quarter worth approximately $1,786,000. Beacon Hill Wealth Management LTD. bought a new position in shares of CI&T during the second quarter worth approximately $617,000. Squarepoint Ops LLC bought a new position in shares of CI&T during the second quarter worth approximately $43,000. AXQ Capital LP acquired a new stake in CI&T during the 2nd quarter worth approximately $74,000. Finally, Wedbush Securities Inc. lifted its holdings in CI&T by 118.1% during the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company's stock worth $139,000 after purchasing an additional 22,525 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

About CI&T

CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.

The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.

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