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

CI&T Inc. (NYSE:CINT) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.22.

CINT has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Canaccord Genuity Group raised their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Wedbush initiated coverage on shares of CI&T in a report on Thursday, April 9th. They issued an “outperform” rating and a $9.00 price objective for the company. Finally, Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th.

Institutional Trading of CI&T

Several institutional investors and hedge funds have recently bought and sold shares of CINT. JPMorgan Chase & Co. lifted its stake in CI&T by 24,544.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock worth $8,720,000 after purchasing an additional 1,454,751 shares in the last quarter. Royce & Associates LP purchased a new stake in CI&T in the 3rd quarter worth approximately $2,696,000. GMT Capital Corp purchased a new stake in CI&T in the 4th quarter worth approximately $1,786,000. BW Gestao de Investimentos Ltda. lifted its stake in CI&T by 9.2% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after purchasing an additional 242,811 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in CI&T by 90.4% in the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after purchasing an additional 180,800 shares in the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Stock Up 0.2%

CI&T stock opened at $4.63 on Thursday. CI&T has a twelve month low of $3.98 and a twelve month high of $7.09. The firm has a 50 day moving average price of $4.99 and a 200-day moving average price of $4.74. The company has a market capitalization of $623.11 million, a P/E ratio of 15.43 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.20.

CI&T (NYSE:CINT) last released its quarterly earnings data on Sunday, March 22nd. The company reported $0.05 EPS for the quarter. The company had revenue of $69.07 million during the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. As a group, equities analysts predict that CI&T will post 0.2 EPS for the current year.

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.