CI&T (NYSE:CINT) Given "Buy" Rating at Canaccord Genuity Group

CI&T (NYSE:CINT - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Canaccord Genuity Group in a research note issued on Monday,Benzinga reports. They presently have a $10.00 target price on the stock. Canaccord Genuity Group's price target points to a potential upside of 61.86% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. UBS Group raised their target price on shares of CI&T from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Wedbush set a $9.00 price objective on shares of CI&T in a report on Monday, February 3rd. Finally, TD Cowen assumed coverage on CI&T in a research report on Friday, December 6th. They set a "buy" rating and a $9.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $8.37.

CI&T Trading Down 0.8 %

Shares of CI&T stock traded down $0.05 during trading on Monday, reaching $6.18. 41,700 shares of the stock were exchanged, compared to its average volume of 92,526. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market cap of $830.40 million, a price-to-earnings ratio of 47.53 and a beta of 1.18. CI&T has a 1 year low of $3.34 and a 1 year high of $8.04. The stock's fifty day moving average is $6.83 and its 200 day moving average is $6.75.

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

Institutional Trading of CI&T

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in CI&T during the 4th quarter valued at about $3,036,000. BW Gestao de Investimentos Ltda. raised its stake in shares of CI&T by 20.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company's stock worth $16,387,000 after purchasing an additional 464,529 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of CI&T by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock worth $678,000 after purchasing an additional 58,500 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of CI&T by 134.4% during the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company's stock valued at $535,000 after purchasing an additional 50,543 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position 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 valued at $8,747,000 after buying an additional 45,574 shares during the last quarter. 92.45% of the stock is 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.