CI&T Inc. (NYSE:CINT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CI&T Inc. (NYSE:CINT) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.59.

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and boosted their price objective for the company from $5.00 to $6.00 in a report on Thursday, May 23rd. Citigroup boosted their price target on CI&T from $4.25 to $6.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Wedbush assumed coverage on shares of CI&T in a research note on Friday, May 24th. They set an “outperform” rating and a $5.00 price objective on the stock. UBS Group initiated coverage on shares of CI&T in a research note on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 target price for the company. Finally, Canaccord Genuity Group upgraded shares of CI&T from a “hold” rating to a “buy” rating and raised their price target for the company from $5.00 to $6.00 in a research report on Thursday, May 23rd.

CI&T Stock Down 0.2 %

NYSE:CINT opened at $6.18 on Tuesday. The company’s 50 day moving average is $5.04 and its two-hundred day moving average is $4.55. The company has a market cap of $830.65 million, a PE ratio of 34.33 and a beta of 1.13. CI&T has a twelve month low of $3.34 and a twelve month high of $6.66. 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 issued its quarterly earnings results on Wednesday, May 22nd. The company reported $0.06 EPS for the quarter. CI&T had a return on equity of 14.03% and a net margin of 6.03%. The company had revenue of $105.74 million during the quarter, compared to analysts’ expectations of $103.88 million. Analysts anticipate that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

Several hedge funds and other institutional investors have recently made changes to their positions in CINT. Russell Investments Group Ltd. increased its position 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 last quarter. Banco BTG Pactual S.A. increased its holdings 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 worth $221,000 after buying an additional 10,000 shares during the last quarter. WCM Investment Management LLC raised its position in shares of CI&T by 4.4% during 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. Finally, BW Gestao de Investimentos Ltda. lifted its holdings in CI&T by 168.7% in the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after acquiring an additional 666,212 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.