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

Shares of CI&T Inc. (NYSE:CINT) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6.4111.

A number of equities analysts have recently commented on CINT shares. Weiss Ratings downgraded shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. TD Cowen decreased their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. UBS Group upped their target price on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $4.00 in a research report on Tuesday.

CI&T Stock Performance

Shares of CINT stock opened at $3.11 on Friday. The company’s fifty day simple moving average is $3.57 and its 200-day simple moving average is $4.34. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The firm has a market cap of $418.41 million, a PE ratio of 10.03 and a beta of 0.81. CI&T has a 12 month low of $3.03 and a 12 month high of $5.88.

CI&T (NYSE:CINT) last announced its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $136.61 million for the quarter, compared to analyst estimates of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. Equities research analysts expect that CI&T will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in shares of CI&T in the 3rd quarter valued at approximately $56,000. Janney Montgomery Scott LLC acquired a new position in CI&T during the first quarter worth $60,000. RPO LLC acquired a new position in CI&T during the fourth quarter worth $60,000. Russell Investments Group Ltd. raised 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 worth $67,000 after acquiring an additional 7,456 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in CI&T by 50.6% during the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock worth $69,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors 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.