CI&T’s (CINT) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of CI&T (NYSE:CINT) in a research note released on Monday,Benzinga reports. They currently have a $10.00 price target on the stock.

Several other research analysts have also issued reports on CINT. TD Cowen began coverage on shares of CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 price target on the stock. Wedbush set a $9.00 price target on shares of CI&T in a research report on Monday, February 3rd. Finally, UBS Group lifted their price objective on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.37.

CI&T Stock Up 0.8 %

Shares of CINT opened at $6.41 on Monday. The stock has a market capitalization of $861.58 million, a price-to-earnings ratio of 49.31 and a beta of 1.18. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a fifty day moving average of $6.83 and a 200-day moving average of $6.75.

CI&T (NYSE:CINT) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.36). The business had revenue of $112.34 million for the quarter, compared to the consensus estimate of $646.68 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. As a group, sell-side analysts anticipate that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

CI&T Company Profile

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.