CI&T (NYSE:CINT) PT Raised to $6.00

CI&T (NYSE:CINT) had its price objective hoisted by investment analysts at Citigroup from $4.25 to $6.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 8.70% from the company’s current price.

A number of other research firms also recently weighed in on CINT. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and lifted their price objective for the company from $5.00 to $6.00 in a report on Thursday, May 23rd. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $6.00 in a report on Thursday, May 23rd. UBS Group initiated coverage on CI&T in a report on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 target price on the stock. Finally, Wedbush initiated coverage on CI&T in a report on Friday, May 24th. They issued an “outperform” rating and a $5.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.59.

CI&T Stock Performance

Shares of CI&T stock traded up $0.05 during trading on Friday, reaching $5.52. The company’s stock had a trading volume of 32,582 shares, compared to its average volume of 109,852. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.82 and a current ratio of 1.82. The business’s fifty day moving average price is $4.54 and its 200-day moving average price is $4.50. The firm has a market cap of $741.94 million, a price-to-earnings ratio of 30.67 and a beta of 1.13. CI&T has a one year low of $3.34 and a one year high of $7.12.

CI&T (NYSE:CINT) last released its earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. CI&T had a return on equity of 14.03% and a net margin of 6.03%. The business had revenue of $105.74 million for the quarter, compared to the consensus estimate of $103.88 million. As a group, equities research analysts predict that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. 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 acquiring an additional 58,489 shares during the last quarter. BW Gestao de Investimentos Ltda. raised its position in shares of 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 valued at $4,383,000 after acquiring an additional 666,212 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after acquiring an additional 7,047 shares during the last quarter. Finally, Banco BTG Pactual S.A. raised 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. Institutional investors 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.