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

Shares of CI&T Inc. (NYSE:CINT) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.08.

A number of brokerages have recently weighed in on CINT. Zacks Research upgraded CI&T from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. TD Cowen reduced their price objective on CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. UBS Group decreased their price objective on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CI&T in a research note on Friday, September 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in shares of CI&T during the second quarter worth approximately $43,000. Beacon Hill Wealth Management LTD. acquired a new position in shares of CI&T during the second quarter valued at approximately $617,000. AXQ Capital LP acquired a new position in CI&T during the second quarter worth about $74,000. Wedbush Securities Inc. grew its holdings in CI&T by 118.1% during the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after acquiring an additional 22,525 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in CI&T during the first quarter worth approximately $181,000. 92.45% of the stock is owned by institutional investors and hedge funds.

CI&T Trading Down 1.4%

Shares of CINT opened at $3.16 on Thursday. CI&T has a one year low of $2.80 and a one year high of $5.80. The stock has a 50-day moving average price of $3.36 and a 200 day moving average price of $3.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $425.81 million, a P/E ratio of 10.91 and a beta of 0.83.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $142.82 million for the quarter, compared to analysts’ expectations of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. Sell-side analysts forecast that CI&T will post 0.31 EPS for the current fiscal year.

About CI&T

CI&T (NYSE:CINT) is a global technology and digital transformation services company that helps organizations modernize their operations, customer experiences and technology platforms. Its offerings include business and technology strategy, product design, software engineering, cloud modernization, data and artificial intelligence, cybersecurity, and managed technology services.

Founded in 1995 and headquartered in Campinas, Brazil, CI&T works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.