Canaccord Genuity Group Lowers CI&T (NYSE:CINT) Price Target to $6.00

CI&T (NYSE:CINT) had its price target decreased by analysts at Canaccord Genuity Group from $8.00 to $6.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 36.52% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Zacks Research upgraded CI&T from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of CI&T in a research note on Thursday, October 30th. JPMorgan Chase & Co. cut their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group decreased their price objective on CI&T from $8.00 to $6.80 and set a “neutral” rating on the stock in a report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $7.47.

CI&T Trading Down 4.0%

CI&T stock opened at $4.40 on Thursday. CI&T has a 1 year low of $3.98 and a 1 year high of $8.00. The firm’s 50 day moving average price is $4.84 and its 200-day moving average price is $5.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $591.92 million, a P/E ratio of 16.28 and a beta of 1.14.

CI&T (NYSE:CINT) last issued its earnings results on Wednesday, November 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a return on equity of 12.58% and a net margin of 7.83%. CI&T has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CINT. Aberdeen Group plc purchased a new stake in shares of CI&T in the first quarter valued at $1,681,000. Hsbc Holdings PLC purchased a new position in shares of CI&T during the 1st quarter worth about $62,000. Walleye Capital LLC bought a new position in CI&T during the 1st quarter valued at about $103,000. Cubist Systematic Strategies LLC raised its position in CI&T by 93.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after purchasing an additional 17,601 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in CI&T by 551.2% in the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after purchasing an additional 62,688 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

About CI&T

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.