CI&T Inc. (CINT) – What Are Brokerages Saying About This Stock?

CI&T Inc. (NYSE:CINT) has received an average rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6.08.

A number of brokerages have issued reports on CINT. Wedbush downgraded shares of 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. UBS Group dropped their target price on shares of CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. TD Cowen cut their price target on CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CI&T in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th.

Insider Activity at CI&T

In other CI&T news, Director Fernando Matt Borges Martins purchased 9,116 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The stock was bought at an average price of $3.12 per share, with a total value of $28,441.92. Following the completion of the purchase, the director directly owned 20 shares of the company’s stock, valued at $62.40. The trade was a -100.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 41,105 shares of company stock worth $127,888 over the last ninety days.

Institutional Trading of CI&T

A number of institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new stake in CI&T during the 2nd quarter valued at approximately $43,000. Beacon Hill Wealth Management LTD. purchased a new position in shares of CI&T in the 2nd quarter worth approximately $617,000. AXQ Capital LP purchased a new stake in shares of CI&T in the second quarter valued at $74,000. Wedbush Securities Inc. increased its stake in CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after purchasing an additional 22,525 shares during the period. Finally, NewEdge Advisors LLC bought a new position in CI&T in the first quarter worth approximately $181,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Stock Up 0.7%

Shares of CINT opened at $3.00 on Monday. CI&T has a 52 week low of $2.80 and a 52 week high of $5.80. The firm has a market capitalization of $403.74 million, a price-to-earnings ratio of 10.35 and a beta of 0.83. 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 business’s fifty day moving average price is $3.18 and its two-hundred day moving average price is $3.97.

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

About CI&T

CI&T (NYSE: CINT) is a global technology and digital transformation company that helps organizations modernize their businesses, customer experiences and technology infrastructure. Its services include digital strategy, user experience and product design, software engineering, cloud computing, data and analytics, artificial intelligence, and technology modernization.

The company works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.