TD Cowen Lowers CI&T (NYSE:CINT) Price Target to $6.00

CI&T (NYSE:CINT) had its price target dropped by analysts at TD Cowen 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. TD Cowen’s price target would suggest a potential upside of 83.43% from the stock’s previous close.

A number of other brokerages also recently issued reports on CINT. Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Wedbush dropped their price target on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. UBS Group boosted their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group lifted their target price on CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings downgraded CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CI&T has an average rating of “Moderate Buy” and a consensus price target of $6.74.

CI&T Stock Down 1.8%

Shares of CINT opened at $3.27 on Thursday. CI&T has a 1 year low of $3.16 and a 1 year high of $5.88. The company’s 50-day simple moving average is $3.69 and its 200-day simple moving average is $4.41. The stock has a market capitalization of $440.21 million, a PE ratio of 10.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $136.61 million during the quarter, compared to analyst estimates of $133.28 million. CI&T had a net margin of 7.90% and a return on equity of 13.19%. Analysts forecast that CI&T will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CINT. Franklin Resources Inc. purchased a new stake in CI&T in the 3rd quarter valued at approximately $56,000. Janney Montgomery Scott LLC purchased a new position in CI&T in the first quarter worth $60,000. RPO LLC acquired a new stake in CI&T in the fourth quarter valued at $60,000. Russell Investments Group Ltd. boosted its position in shares of CI&T by 176.3% during the 2nd 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 in the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of CI&T by 50.6% during the 4th quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock worth $69,000 after purchasing an additional 5,700 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.