CI&T (NYSE:CINT) Price Target Increased to $6.00 by Analysts at Citigroup

CI&T (NYSE:CINT) had its target price increased by Citigroup from $4.25 to $6.00 in a research note released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms also recently weighed in on CINT. Canaccord Genuity Group upgraded shares of CI&T from a hold rating to a buy rating and upped their price target for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. UBS Group initiated coverage on CI&T in a report on Tuesday, May 14th. They set a neutral rating and a $4.20 target price for the company. Canaccord Genuity Group raised CI&T from a hold rating to a buy rating and lifted their price target for the stock from $5.00 to $6.00 in a research note on Thursday, May 23rd. Finally, Wedbush started coverage on CI&T in a research note on Friday, May 24th. They issued an outperform rating and a $5.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $5.59.

CI&T Stock Up 0.9 %

Shares of CINT opened at $5.52 on Friday. The firm has a market cap of $741.94 million, a P/E ratio of 30.67 and a beta of 1.13. CI&T has a 12 month low of $3.34 and a 12 month high of $7.12. The stock’s 50 day moving average is $4.57 and its two-hundred day moving average is $4.49. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.47.

CI&T (NYSE:CINT) last released its quarterly earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $105.74 million for the quarter, compared to analysts’ expectations of $103.88 million. CI&T had a net margin of 6.03% and a return on equity of 14.03%. Analysts predict that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Several large investors have recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. boosted its position in shares of CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after acquiring an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in CI&T by 4.6% during the fourth 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. BW Gestao de Investimentos Ltda. boosted its holdings in CI&T by 168.7% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after purchasing an additional 666,212 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after buying an additional 58,489 shares during the period. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.