Brokerages Set CI&T Inc. (NYSE:CINT) PT at $8.37

CI&T Inc. (NYSE:CINT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.37.

Several research firms recently weighed in on CINT. Wedbush set a $9.00 price objective on shares of CI&T in a research report on Monday, February 3rd. TD Cowen started coverage on CI&T in a report on Friday, December 6th. They issued a "buy" rating and a $9.00 price target on the stock. UBS Group boosted their price objective on CI&T from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $10.00 target price on shares of CI&T in a research note on Monday, March 17th.

CI&T Price Performance

CINT stock traded up $0.03 during trading on Friday, hitting $6.00. 85,173 shares of the stock traded hands, compared to its average volume of 93,731. The stock has a market cap of $805.80 million, a price-to-earnings ratio of 46.12 and a beta of 1.18. CI&T has a one year low of $3.34 and a one year high of $8.04. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $6.84 and a 200 day simple moving average of $6.71.

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CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.36). The business had revenue of $112.34 million during the quarter, compared to analyst estimates of $646.68 million. CI&T had a return on equity of 9.55% and a net margin of 4.39%. Equities analysts expect that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

Large investors have recently modified their holdings of the business. State Street Corp raised its stake in shares of CI&T by 28.8% in the 3rd quarter. State Street Corp now owns 67,380 shares of the company's stock valued at $458,000 after purchasing an additional 15,083 shares during the period. WCM Investment Management LLC grew its holdings in shares of CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock worth $8,747,000 after buying an additional 45,574 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in CI&T in the 4th quarter valued at approximately $3,036,000. Virtu Financial LLC acquired a new position in CI&T during the 3rd quarter worth approximately $108,000. Finally, Verde Servicos Internacionais S.A. acquired a new position in CI&T during the 4th quarter worth approximately $152,000. 92.45% of the stock is currently owned by institutional investors.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm's solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.