Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $5.37

Shares of CI&T Inc. (NYSE:CINT) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $5.37.

Several research firms have weighed in on CINT. Wedbush began coverage on shares of CI&T in a research note on Friday, May 24th. They issued an “outperform” rating and a $5.00 price objective on the stock. Citigroup cut their price objective on CI&T from $4.50 to $4.25 and set a “neutral” rating for the company in a report on Monday, April 22nd. UBS Group initiated coverage on CI&T in a research report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price objective for the company. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and upped their target price for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Finally, Canaccord Genuity Group upgraded CI&T from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.00 to $6.00 in a report on Thursday, May 23rd.

CI&T Stock Performance

Shares of CI&T stock opened at $5.36 on Friday. CI&T has a 12 month low of $3.34 and a 12 month high of $7.12. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The stock has a market cap of $720.44 million, a PE ratio of 29.78 and a beta of 1.13. The business has a fifty day simple moving average of $4.32 and a 200-day simple moving average of $4.48.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.06 EPS for the quarter. The firm had revenue of $105.74 million during the quarter, compared to analyst estimates of $103.88 million. CI&T had a return on equity of 14.03% and a net margin of 6.03%. On average, sell-side analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after buying an additional 7,047 shares during the last quarter. Banco BTG Pactual S.A. raised its holdings in CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after acquiring an additional 10,000 shares during the period. BW Gestao de Investimentos Ltda. lifted its position in CI&T by 168.7% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after acquiring an additional 666,212 shares during the last quarter. Finally, WCM Investment Management LLC boosted its holdings in CI&T by 4.4% during the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after acquiring an additional 58,489 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.