CI&T Inc. (NYSE:CINT) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $6.08.

A number of equities analysts recently weighed in on CINT shares. TD Cowen lowered their price objective on shares of CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Zacks Research upgraded shares of CI&T from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th.

CI&T Stock Performance

Shares of CINT stock opened at $3.11 on Thursday. The stock has a market capitalization of $418.54 million, a PE ratio of 10.72 and a beta of 0.83. CI&T has a 52-week low of $2.80 and a 52-week high of $5.80. The stock’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.74. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. As a group, equities research analysts forecast that CI&T will post 0.31 EPS for the current year.

Institutional Investors Weigh In On CI&T

Institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its position in CI&T by 6.4% during the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock worth $521,000 after buying an additional 6,171 shares during the period. R Squared Ltd lifted its position in shares of CI&T by 24.1% during the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after acquiring an additional 6,707 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of CI&T during the 1st quarter valued at approximately $60,000. Squarepoint Ops LLC purchased a new stake in shares of CI&T during the 2nd quarter worth approximately $43,000. Finally, AXQ Capital LP purchased a new stake in shares of CI&T during the 2nd quarter worth approximately $74,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

CI&T (NYSE:CINT) is a global technology and digital transformation services company that helps organizations modernize their operations, customer experiences and technology platforms. Its offerings include business and technology strategy, product design, software engineering, cloud modernization, data and artificial intelligence, cybersecurity, and managed technology services.

Founded in 1995 and headquartered in Campinas, Brazil, CI&T works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.