CI&T Inc. (NYSE:CINT) Given Consensus Rating of “Moderate Buy” by Analysts

CI&T Inc. (NYSE:CINT) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.2750.

Several brokerages have recently issued reports on CINT. Canaccord Genuity Group upped their target price on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Wedbush began coverage on shares of CI&T in a research note on Thursday, April 9th. They issued an “outperform” rating and a $9.00 target price on the stock. Wall Street Zen upgraded shares of CI&T from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group upped their target price on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings upgraded shares of CI&T from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th.

CI&T Trading Down 0.6%

NYSE:CINT opened at $3.87 on Monday. CI&T has a one year low of $3.81 and a one year high of $7.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33. The company’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $4.71. The firm has a market capitalization of $520.15 million, a P/E ratio of 12.88 and a beta of 0.85.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Sunday, March 22nd. The company reported $0.05 EPS for the quarter. The business had revenue of $69.07 million for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. As a group, analysts forecast that CI&T will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CINT. Franklin Resources Inc. bought a new position in shares of CI&T in the third quarter worth approximately $56,000. Wedbush Securities Inc. bought a new position in CI&T during the third quarter valued at approximately $58,000. Janney Montgomery Scott LLC bought a new position in CI&T during the first quarter valued at approximately $60,000. RPO LLC bought a new position in CI&T during the fourth quarter valued at approximately $60,000. Finally, Russell Investments Group Ltd. lifted its position in CI&T by 176.3% during the second 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. Institutional investors own 92.45% of the company’s stock.

About CI&T

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.