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

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) have been assigned a consensus rating of "Hold" from the six analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.58.

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of CI&T from $4.00 to $5.00 and gave the company a "hold" rating in a research note on Monday, March 18th. Morgan Stanley reaffirmed an "equal weight" rating and set a $5.50 target price (down from $6.00) on shares of CI&T in a research note on Friday, January 5th.

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently made changes to their positions in the business. BW Gestao de Investimentos Ltda. purchased a new position in shares of CI&T during the 3rd quarter worth about $2,568,000. Herald Investment Management Ltd purchased a new position in shares of CI&T during the 3rd quarter worth about $2,304,000. Sagil Capital LLP purchased a new position in shares of CI&T during the 2nd quarter worth about $1,968,000. Marshall Wace LLP purchased a new position in shares of CI&T during the 2nd quarter worth about $1,573,000. Finally, Bank of America Corp DE boosted its stake in shares of CI&T by 197.2% during the 1st quarter. Bank of America Corp DE now owns 229,350 shares of the company's stock worth $3,674,000 after purchasing an additional 152,168 shares during the period. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Price Performance

Shares of CINT stock traded up $0.02 on Friday, hitting $4.70. 68,392 shares of the stock traded hands, compared to its average volume of 98,065. The firm has a market cap of $631.73 million, a price-to-earnings ratio of 21.36 and a beta of 1.04. CI&T has a 52 week low of $3.34 and a 52 week high of $7.20. The firm has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $4.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.00 and a quick ratio of 2.00.

CI&T (NYSE:CINT - Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $105.50 million during the quarter, compared to analysts' expectations of $107.56 million. CI&T had a net margin of 7.11% and a return on equity of 15.96%. As a group, equities research analysts predict that CI&T will post 0.25 earnings per share for the current fiscal year.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.