CI&T Inc. (NYSE:CINT) Stock Has Average Target Price of $6.08 According to Analysts

Shares of CI&T Inc. (NYSE:CINT) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.08.

Several research firms have weighed in on CINT. Zacks Research cut CI&T from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $4.00 in a report on Tuesday, July 21st. TD Cowen lowered their target price on CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. Finally, UBS Group cut their target price on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a report on Wednesday, August 12th.

CI&T Trading Down 1.4%

CI&T stock opened at $3.08 on Monday. CI&T has a 1 year low of $2.80 and a 1 year high of $5.80. The firm’s 50 day moving average price is $3.21 and its 200-day moving average price is $3.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $413.97 million, a P/E ratio of 10.61 and a beta of 0.83.

CI&T (NYSE:CINT) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. On average, equities analysts predict that CI&T will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at CI&T

In other CI&T news, Director Fernando Matt Borges Martins acquired 9,116 shares of the stock in a transaction on Wednesday, October 7th. The stock was acquired at an average price of $3.12 per share, for a total transaction of $28,441.92. Following the completion of the transaction, the director directly owned 20 shares of the company’s stock, valued at $62.40. This trade represents a -100.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 41,105 shares of company stock worth $127,888 over the last quarter.

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in shares of CI&T in the 2nd quarter worth about $43,000. Beacon Hill Wealth Management LTD. purchased a new stake in shares of CI&T during the 2nd quarter valued at about $617,000. AXQ Capital LP purchased a new stake in shares of CI&T during the 2nd quarter valued at about $74,000. Wedbush Securities Inc. raised its position in shares of CI&T by 118.1% during the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after buying an additional 22,525 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of CI&T in the 1st quarter valued at about $181,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

About CI&T

CI&T (NYSE: CINT) is a global technology and digital transformation company that helps organizations modernize their businesses, customer experiences and technology infrastructure. Its services include digital strategy, user experience and product design, software engineering, cloud computing, data and analytics, artificial intelligence, and technology modernization.

The company works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.