CI&T Inc. (NYSE:CINT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CI&T Inc. (NYSE:CINT) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.22.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group boosted their target price on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. UBS Group boosted their target price on CI&T from $7.00 to $7.10 and gave the company a “buy” rating in a research note on Thursday, March 12th. Wedbush assumed coverage on CI&T in a research note on Thursday, April 9th. They issued an “outperform” rating and a $9.00 target price for the company. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. cut their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th.

CI&T Trading Down 0.4%

NYSE CINT opened at $4.68 on Thursday. CI&T has a 1-year low of $3.98 and a 1-year high of $7.09. The company has a current ratio of 1.34, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $4.98 and a 200-day moving average of $4.74. The firm has a market cap of $630.24 million, a PE ratio of 15.61 and a beta of 1.10.

CI&T (NYSE:CINT) last released its earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share for the quarter. CI&T had a return on equity of 13.46% and a net margin of 8.30%.The company had revenue of $69.07 million during the quarter. As a group, sell-side analysts forecast that CI&T will post 0.2 EPS for the current year.

Institutional Trading of CI&T

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of CI&T by 24,544.5% in the second quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock worth $8,720,000 after purchasing an additional 1,454,751 shares during the last quarter. Royce & Associates LP bought a new stake in shares of CI&T in the third quarter worth about $2,696,000. Franklin Resources Inc. grew its stake in shares of CI&T by 45.7% in the fourth quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock worth $65,000 after purchasing an additional 4,983 shares during the last quarter. RPO LLC bought a new stake in shares of CI&T in the fourth quarter worth about $60,000. Finally, GMT Capital Corp bought a new stake in shares of CI&T in the fourth quarter worth about $1,786,000. 92.45% of the stock is owned by institutional investors.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.