Brokerages Set CI&T Inc. (NYSE:CINT) Target Price at $6.41

CI&T Inc. (NYSE:CINT) has earned an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.0778.

Several equities analysts recently commented on CINT shares. UBS Group reduced their target price on shares of CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a report on Wednesday, August 12th. TD Cowen lowered their price target on shares of 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 lowered shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. reduced their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Finally, Zacks Research downgraded CI&T from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th.

CI&T Stock Up 1.7%

Shares of CINT opened at $3.60 on Wednesday. The firm has a market cap of $484.49 million, a P/E ratio of 12.41 and a beta of 0.81. The stock has a 50 day simple moving average of $3.49 and a two-hundred day simple moving average of $4.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31. CI&T has a 1 year low of $3.03 and a 1 year high of $5.88.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 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%. On average, analysts forecast that CI&T will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Several hedge funds and other institutional investors have recently bought and sold shares of CINT. Cubist Systematic Strategies LLC grew its holdings in shares of CI&T by 93.8% in the first 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 last quarter. Goldman Sachs Group Inc. raised its holdings in CI&T by 551.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares during the last quarter. Jane Street Group LLC bought a new stake in CI&T during the 1st quarter valued at $163,000. Acadian Asset Management LLC boosted its position in CI&T by 47.7% during the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock valued at $531,000 after buying an additional 29,200 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares during the period. Institutional investors own 92.45% of the company’s stock.

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.