Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $7.00

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

A number of research firms have issued reports on CINT. Itau BBA Securities upgraded CI&T from a "market perform" rating to an "outperform" rating and set a $10.00 target price on the stock in a research note on Friday, August 16th. Citigroup lifted their price objective on shares of CI&T from $6.00 to $8.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of CI&T from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Canaccord Genuity Group increased their price objective on CI&T from $6.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group assumed coverage on CI&T in a report on Wednesday, September 4th. They issued a "neutral" rating and a $7.30 target price for the company.

Institutional Trading of CI&T

Several institutional investors have recently bought and sold shares of CINT. Banco BTG Pactual S.A. raised its position in shares of CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company's stock valued at $221,000 after acquiring an additional 10,000 shares during the last quarter. XTX Topco Ltd bought a new stake in CI&T during the second quarter worth about $76,000. Marshall Wace LLP grew its stake in CI&T by 245.6% in the second 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. Itau Unibanco Holding S.A. bought a new position in shares of CI&T in the second quarter valued at $2,264,000. Finally, BW Gestao de Investimentos Ltda. increased its holdings in CI&T by 168.7% during the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company's stock worth $4,383,000 after buying an additional 666,212 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company's stock.

CI&T Stock Down 1.3 %

CI&T stock traded down $0.09 during midday trading on Thursday, hitting $6.71. The stock had a trading volume of 24,635 shares, compared to its average volume of 95,714. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average price of $6.93 and a 200 day moving average price of $5.66. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04. The stock has a market cap of $901.90 million, a P/E ratio of 48.57 and a beta of 1.15.

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

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.