CI&T Inc. (NYSE:CINT – Get Free Report) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.4111.
A number of research firms recently weighed in on CINT. Weiss Ratings lowered shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Zacks Research downgraded shares of CI&T from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. UBS Group increased their price objective on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st.
Check Out Our Latest Stock Report on CINT
CI&T Stock Down 0.1%
CI&T (NYSE:CINT – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. Equities research analysts anticipate that CI&T will post 0.32 EPS for the current year.
Institutional Trading of CI&T
Hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC grew its stake in CI&T by 93.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock valued at $217,000 after purchasing an additional 17,601 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of CI&T by 551.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after purchasing an additional 62,688 shares during the period. Jane Street Group LLC bought a new stake in shares of CI&T during the 1st quarter worth $163,000. Acadian Asset Management LLC boosted its holdings in shares of CI&T by 47.7% in the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after buying an additional 29,200 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.
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.
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