CI&T Inc. (NYSE:CINT) Receives $7.00 Average PT from Brokerages

CI&T Inc. (NYSE:CINT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.00.

A number of analysts recently commented on CINT shares. 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. Canaccord Genuity Group raised their price objective on CI&T from $6.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Citigroup raised their price objective on CI&T from $6.00 to $8.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. JPMorgan Chase & Co. raised 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. Finally, The Goldman Sachs Group started coverage on CI&T in a research report on Wednesday, September 4th. They set a "neutral" rating and a $7.30 price objective for the company.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently modified their holdings of the stock. BW Gestao de Investimentos Ltda. increased its holdings in shares of CI&T by 101.1% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company's stock valued at $11,099,000 after acquiring an additional 1,073,302 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in CI&T in the 2nd quarter worth about $2,264,000. Marshall Wace LLP increased its holdings in CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company's stock worth $479,000 after buying an additional 65,457 shares in the last quarter. Banco BTG Pactual S.A. increased its holdings in CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company's stock worth $221,000 after buying an additional 10,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in CI&T in the 2nd quarter worth about $76,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Trading Up 1.1 %

CINT stock traded up $0.08 on Friday, reaching $7.04. The company's stock had a trading volume of 25,725 shares, compared to its average volume of 100,029. The business has a fifty day simple moving average of $6.71 and a two-hundred day simple moving average of $5.33. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04. The firm has a market cap of $946.26 million, a PE ratio of 39.11 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80.

CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The business had revenue of $100.45 million during the quarter, compared to analysts' expectations of $104.75 million. As a group, research analysts forecast that CI&T will post 0.2 EPS for the current year.

CI&T Company Profile

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.