CI&T (NYSE:CINT) Price Target Cut to $4.25 by Analysts at Citigroup

CI&T (NYSE:CINT) had its target price trimmed by Citigroup from $4.50 to $4.25 in a research report report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently commented on CINT. Canaccord Genuity Group increased their price objective 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 restated an equal weight rating and issued a $5.50 target price (down previously from $6.00) on shares of CI&T in a report on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $5.38.

CI&T Stock Performance

Shares of NYSE:CINT opened at $3.91 on Monday. CI&T has a 52 week low of $3.34 and a 52 week high of $7.20. The company’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.77. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45. The company has a market cap of $525.54 million, a PE ratio of 17.77 and a beta of 1.04.

CI&T (NYSE:CINT) last announced 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. CI&T had a net margin of 7.11% and a return on equity of 15.96%. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $107.56 million. Equities analysts predict that CI&T will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after purchasing an additional 7,047 shares during the period. Herald Investment Management Ltd acquired a new stake in CI&T during the 3rd quarter worth $2,304,000. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in CI&T during the 3rd quarter worth $2,568,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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.