CI&T (NYSE:CINT) Given New $4.25 Price Target at Citigroup

CI&T (NYSE:CINT) had its price target trimmed by Citigroup from $4.50 to $4.25 in a report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently issued reports on CINT. Morgan Stanley restated an equal weight rating and set a $5.50 price objective (down previously from $6.00) on shares of CI&T in a report on Friday, January 5th. Canaccord Genuity Group boosted their price objective on CI&T from $4.00 to $5.00 and gave the stock a hold rating in a report on Monday, March 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $5.38.

CI&T Price Performance

Shares of NYSE CINT opened at $4.01 on Monday. CI&T has a twelve month low of $3.34 and a twelve month high of $7.20. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $538.99 million, a price-to-earnings ratio of 18.23 and a beta of 1.04. The firm has a 50-day moving average of $4.36 and a two-hundred day moving average of $4.78.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. CI&T had a net margin of 7.11% and a return on equity of 15.96%. The company had revenue of $105.50 million during the quarter, compared to the consensus estimate of $107.56 million. As a group, analysts expect that CI&T will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

A number of large investors have recently made changes to their positions in the business. BW Gestao de Investimentos Ltda. acquired a new position in shares of CI&T in the 3rd quarter valued at about $2,568,000. Herald Investment Management Ltd acquired a new position in shares of CI&T in the 3rd quarter valued at about $2,304,000. Finally, Russell Investments Group Ltd. increased its holdings in CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after buying an additional 7,047 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.