Shares of CI&T Inc. (NYSE:CINT – Get Free Report) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $6.80.
CINT has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Wedbush cut their price target on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Weiss Ratings downgraded shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Canaccord Genuity Group raised their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th.
Check Out Our Latest Stock Analysis on CI&T
CI&T Stock Up 0.4%
CI&T (NYSE:CINT – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $136.61 million for the quarter, compared to analysts’ expectations of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. On average, analysts forecast that CI&T will post 0.34 earnings per share for the current year.
Hedge Funds Weigh In On CI&T
Several hedge funds have recently added to or reduced their stakes in CINT. Royce & Associates LP purchased a new position in CI&T during the 3rd quarter valued at about $2,696,000. GMT Capital Corp purchased a new position in CI&T during the 4th quarter valued at about $1,786,000. BW Gestao de Investimentos Ltda. increased its holdings in CI&T by 9.2% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after acquiring an additional 242,811 shares in the last quarter. Marshall Wace LLP increased its holdings in CI&T by 90.4% during the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after acquiring an additional 180,800 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of CI&T during the fourth quarter worth about $287,000. 92.45% of the stock is currently owned by hedge funds and other 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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