CI&T (NYSE:CINT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

CI&T (NYSE:CINT - Get Free Report) had its price objective raised by analysts at Canaccord Genuity Group from $9.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 55.28% from the stock's previous close.

A number of other analysts have also commented on CINT. Itau BBA Securities raised CI&T from a "market perform" rating to an "outperform" rating and set a $10.00 price target for the company in a research note on Friday, August 16th. The Goldman Sachs Group began coverage on shares of CI&T in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $7.30 target price for the company. Citigroup increased their price target on shares of CI&T from $6.00 to $8.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. lifted their price objective on CI&T from $7.00 to $8.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, CI&T has a consensus rating of "Moderate Buy" and a consensus price target of $7.11.

CI&T Trading Up 4.4 %

NYSE:CINT traded up $0.27 during midday trading on Monday, reaching $6.44. 96,690 shares of the stock traded hands, compared to its average volume of 93,877. The stock has a market capitalization of $865.60 million, a P/E ratio of 47.47 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80. The company has a fifty day moving average of $6.90 and a 200 day moving average of $5.91. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04.

CI&T (NYSE:CINT - Get Free Report) last posted its earnings results on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $100.45 million during the quarter, compared to the consensus estimate of $104.75 million. CI&T had a return on equity of 9.51% and a net margin of 4.39%. On average, research analysts predict that CI&T will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in shares of CI&T in the second quarter worth $76,000. GSA Capital Partners LLP grew its position in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company's stock valued at $183,000 after purchasing an additional 2,995 shares during the last quarter. State Street Corp grew its position in CI&T by 28.8% during 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 last quarter. Marshall Wace LLP increased its stake in CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company's stock valued at $479,000 after purchasing an additional 65,457 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in CI&T in the second quarter worth about $2,264,000. Hedge funds and other institutional investors own 92.45% of the company's stock.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.