CI&T (NYSE:CINT) Price Target Cut to $4.25

CI&T (NYSE:CINT) had its price target trimmed by Citigroup from $4.50 to $4.25 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on CINT. Canaccord Genuity Group increased their price target on CI&T from $4.00 to $5.00 and gave the stock a hold rating in a research report on Monday, March 18th. Morgan Stanley reissued an equal weight rating and set a $5.50 price target (down previously from $6.00) on shares of CI&T in a research report on Friday, January 5th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, CI&T presently has an average rating of Hold and a consensus target price of $5.38.

CI&T Price Performance

CI&T stock opened at $3.88 on Monday. CI&T has a 12 month low of $3.34 and a 12 month high of $7.20. The stock’s 50 day moving average is $4.34 and its 200-day moving average is $4.76. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $521.51 million, a price-to-earnings ratio of 17.64 and a beta of 1.04.

CI&T (NYSE:CINT) last posted its earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $107.56 million. CI&T had a return on equity of 15.96% and a net margin of 7.11%. Equities research analysts expect that CI&T will post 0.25 EPS for the current year.

Institutional Investors Weigh In On CI&T

Large investors have recently modified their holdings of the business. BW Gestao de Investimentos Ltda. acquired a new stake in shares of CI&T in the 3rd quarter valued at $2,568,000. Herald Investment Management Ltd bought a new position in shares of CI&T in the 3rd quarter valued at $2,304,000. WCM Investment Management LLC lifted its stake in shares of CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after acquiring an additional 58,489 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of CI&T by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after acquiring an additional 7,047 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.