CI&T Inc. (NYSE:CINT) Given Consensus Rating of “Hold” by Analysts

Shares of CI&T Inc. (NYSE:CINT) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.38.

A number of equities research analysts have recently commented on CINT shares. Canaccord Genuity Group upped their price objective on shares of CI&T from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Citigroup cut their price target on shares of CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, April 22nd.

CI&T Stock Performance

Shares of CI&T stock opened at $3.63 on Thursday. 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 1-year low of $3.34 and a 1-year high of $7.20. The company has a market cap of $487.91 million, a PE ratio of 16.50 and a beta of 1.03. The company has a 50 day moving average of $4.20 and a 200-day moving average of $4.65.

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

Institutional Trading of CI&T

A number of hedge funds have recently bought and sold shares of the business. BW Gestao de Investimentos Ltda. grew its holdings in CI&T by 168.7% during 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 purchasing an additional 666,212 shares during the period. Herald Investment Management Ltd purchased a new position in CI&T during the 3rd quarter valued at about $2,304,000. WCM Investment Management LLC increased its position in shares of 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 buying an additional 58,489 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in CI&T by 4.6% in 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 in the last quarter. 92.45% of the stock is currently owned by 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.