CI&T (NYSE:CINT) Given New $6.00 Price Target at Canaccord Genuity Group

CI&T (NYSE:CINT) had its target price reduced by research analysts at Canaccord Genuity Group from $8.00 to $6.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 31.12% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of CI&T in a research report on Thursday, October 30th. UBS Group lowered their target price on shares of CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a report on Tuesday, July 22nd. JPMorgan Chase & Co. cut their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday. Wall Street Zen raised CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Zacks Research raised CI&T from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $7.47.

CI&T Trading Down 0.7%

Shares of NYSE CINT traded down $0.03 during midday trading on Thursday, hitting $4.58. The stock had a trading volume of 204,015 shares, compared to its average volume of 174,550. The firm has a market cap of $616.30 million, a P/E ratio of 19.07 and a beta of 1.14. CI&T has a fifty-two week low of $3.98 and a fifty-two week high of $8.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49. The company’s 50-day simple moving average is $4.87 and its 200 day simple moving average is $5.43.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). CI&T had a net margin of 7.27% and a return on equity of 11.34%. CI&T has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

A number of hedge funds have recently modified their holdings of CINT. Franklin Resources Inc. acquired a new position in CI&T during the third quarter valued at approximately $56,000. Wedbush Securities Inc. acquired a new position in shares of CI&T during the 3rd quarter worth about $58,000. Hsbc Holdings PLC acquired a new position in shares of CI&T during the 1st quarter worth about $62,000. Russell Investments Group Ltd. raised its holdings in shares of CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after purchasing an additional 7,456 shares during the period. Finally, Walleye Capital LLC acquired a new stake in CI&T in the 1st quarter valued at about $103,000. Institutional investors and hedge funds 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.