CI&T Inc. (NYSE:CINT) Receives Consensus Rating of “Moderate Buy” from Brokerages

CI&T Inc. (NYSE:CINT) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $6.80.

Several research firms have recently issued reports on CINT. Canaccord Genuity Group lifted their price target on CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings cut shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. UBS Group upped their target price on CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. cut their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th.

CI&T Trading Up 5.8%

Shares of CINT opened at $4.12 on Friday. CI&T has a twelve month low of $3.16 and a twelve month high of $6.11. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $553.80 million, a P/E ratio of 13.27 and a beta of 0.80. The firm’s 50-day moving average is $4.22 and its two-hundred day moving average is $4.58.

CI&T (NYSE:CINT) last released its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). CI&T had a return on equity of 13.19% and a net margin of 7.90%.The firm had revenue of $136.61 million during the quarter, compared to analyst estimates of $133.28 million. On average, research analysts predict that CI&T will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

A number of institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its position in CI&T by 93.8% during the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after acquiring an additional 17,601 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of CI&T by 551.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after purchasing an additional 62,688 shares during the period. Jane Street Group LLC purchased a new position in shares of CI&T during the 1st quarter worth $163,000. Acadian Asset Management LLC boosted its holdings in shares of CI&T by 47.7% during the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after purchasing an additional 29,200 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of CI&T by 176.3% during the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 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 (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.