CI&T (NYSE:CINT) Trading 3.9% Higher

CI&T Inc. (NYSE:CINTGet Free Report) was up 3.9% on Thursday . The stock traded as high as $4.85 and last traded at $4.85. Approximately 29,676 shares changed hands during trading, a decline of 73% from the average daily volume of 110,672 shares. The stock had previously closed at $4.67.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CINT shares. Wedbush began coverage on CI&T in a research note on Friday, May 24th. They issued an “outperform” rating and a $5.00 price objective for the company. Citigroup lowered their price target on shares of CI&T from $4.50 to $4.25 and set a “neutral” rating for the company in a report on Monday, April 22nd. Canaccord Genuity Group upgraded shares of CI&T from a “hold” rating to a “buy” rating and raised their price objective for the company from $5.00 to $6.00 in a report on Thursday, May 23rd. UBS Group started coverage on shares of CI&T in a research note on Tuesday, May 14th. They set a “neutral” rating and a $4.20 target price for the company. Finally, Canaccord Genuity Group upgraded 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 note on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.37.

Check Out Our Latest Stock Analysis on CINT

CI&T Trading Up 1.9 %

The business’s 50-day moving average price is $4.13 and its 200-day moving average price is $4.49. The firm has a market capitalization of $639.79 million, a PE ratio of 26.11 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.82.

CI&T (NYSE:CINTGet Free Report) last announced its earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. CI&T had a net margin of 6.03% and a return on equity of 14.03%. The business had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $107.56 million. As a group, analysts expect that CI&T Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. WCM Investment Management LLC boosted its stake 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 acquiring an additional 58,489 shares during the last quarter. BW Gestao de Investimentos Ltda. grew its holdings in CI&T by 168.7% in 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 buying an additional 666,212 shares during the period. Herald Investment Management Ltd acquired a new position in shares of CI&T during the 3rd quarter valued at about $2,304,000. Russell Investments Group Ltd. lifted its holdings 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 worth $842,000 after acquiring an additional 7,047 shares during the period. Finally, Banco BTG Pactual S.A. grew its holdings in CI&T by 23.0% in the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

(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.

Recommended Stories

Receive News & Ratings for CI&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI&T and related companies with MarketBeat.com's FREE daily email newsletter.