CI&T (NYSE:CINT) Shares Up 4.3% – Still a Buy?

Shares of CI&T Inc. (NYSE:CINT) rose 4.3% during mid-day trading on Tuesday . The company traded as high as $7.24 and last traded at $7.24. Approximately 19,602 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 93,879 shares. The stock had previously closed at $6.94.

Wall Street Analysts Forecast Growth

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

CI&T Stock Up 0.9 %

The firm has a market capitalization of $935.49 million, a PE ratio of 49.71 and a beta of 1.16. 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’s 50 day simple moving average is $6.91 and its 200 day simple moving average is $5.86.

CI&T (NYSE:CINT) last announced its earnings results on Friday, August 16th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). CI&T had a net margin of 4.97% and a return on equity of 10.93%. The firm had revenue of $100.45 million during the quarter, compared to analysts’ expectations of $104.75 million. On average, equities research analysts forecast that CI&T Inc. will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On CI&T

Several large investors have recently added to or reduced their stakes in CINT. XTX Topco Ltd purchased a new position in CI&T during the 2nd quarter worth $76,000. GSA Capital Partners LLP increased its stake in shares of CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after buying an additional 2,995 shares during the period. Banco BTG Pactual S.A. raised its holdings in shares of CI&T by 23.0% in the first 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 in the last quarter. Marshall Wace LLP lifted 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 worth $479,000 after acquiring an additional 65,457 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new position in CI&T during the 2nd quarter worth about $2,264,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

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.