CI&T Inc (NYSE:CINT) Receives $5.70 Consensus Target Price from Brokerages

Shares of CI&T Inc (NYSE:CINTGet Free Report) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.70.

CINT has been the topic of several analyst reports. Canaccord Genuity Group initiated coverage on shares of CI&T in a report on Wednesday, December 6th. They issued a “hold” rating on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $5.50 target price (down from $6.00) on shares of CI&T in a report on Friday, January 5th. Finally, Canaccord Genuity Group initiated coverage on shares of CI&T in a report on Wednesday, December 6th. They issued a “hold” rating and a $5.50 target price on the stock.

View Our Latest Analysis on CINT

CI&T Trading Down 3.2 %

Shares of NYSE CINT opened at $4.30 on Tuesday. The company’s 50 day simple moving average is $4.96 and its 200 day simple moving average is $5.34. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $7.20. The firm has a market capitalization of $575.60 million, a P/E ratio of 18.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.60 and a quick ratio of 1.60.

CI&T (NYSE:CINTGet Free Report) last announced its quarterly earnings data on Friday, November 17th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). CI&T had a net margin of 7.18% and a return on equity of 16.48%. The business had revenue of $108.42 million during the quarter, compared to analyst estimates of $107.07 million. On average, analysts predict that CI&T will post 0.28 EPS for the current year.

Institutional Investors Weigh In On CI&T

Several large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its position in shares of CI&T by 12.4% during the third quarter. Lazard Asset Management LLC now owns 19,134 shares of the company’s stock worth $124,000 after acquiring an additional 2,104 shares in the last quarter. State Street Corp increased its position in shares of CI&T by 5.5% during the second quarter. State Street Corp now owns 50,741 shares of the company’s stock worth $318,000 after acquiring an additional 2,636 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of CI&T by 1.1% during the second quarter. Russell Investments Group Ltd. now owns 330,497 shares of the company’s stock worth $2,072,000 after acquiring an additional 3,627 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of CI&T by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,352,961 shares of the company’s stock worth $13,651,000 after acquiring an additional 8,014 shares in the last quarter. Finally, BlackRock Inc. bought a new position in CI&T in the second quarter valued at $63,000. Institutional investors own 10.04% of the company’s stock.

CI&T Company Profile

(Get Free Report

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.

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Analyst Recommendations for CI&T (NYSE:CINT)

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