Analysts Set CI&T Inc. (NYSE:CINT) Price Target at $5.58

Shares of CI&T Inc. (NYSE:CINT) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.58.

A number of equities analysts recently issued reports on CINT shares. Canaccord Genuity Group increased their target price on shares of CI&T from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $5.50 target price (down previously from $6.00) on shares of CI&T in a research report on Friday, January 5th.

Hedge Funds Weigh In On CI&T

Several large investors have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its position in shares of CI&T by 12.4% during the 3rd quarter. Lazard Asset Management LLC now owns 19,134 shares of the company’s stock valued at $124,000 after purchasing an additional 2,104 shares in the last quarter. State Street Corp boosted its position in shares of CI&T by 5.5% during the 2nd quarter. State Street Corp now owns 50,741 shares of the company’s stock valued at $318,000 after purchasing an additional 2,636 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after purchasing an additional 7,047 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of CI&T by 0.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,352,961 shares of the company’s stock valued at $13,651,000 after purchasing an additional 8,014 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of CI&T during the 4th quarter valued at about $53,000. Institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

Shares of CINT stock opened at $4.14 on Friday. The company has a market capitalization of $556.46 million, a PE ratio of 18.82 and a beta of 1.04. The firm has a fifty day simple moving average of $4.37 and a 200-day simple moving average of $4.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45. CI&T has a twelve month low of $3.34 and a twelve month high of $7.20.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $105.50 million for the quarter, compared to the consensus estimate of $107.56 million. CI&T had a net margin of 7.11% and a return on equity of 15.96%. Equities research analysts anticipate that CI&T will post 0.25 earnings per share for the current fiscal year.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.