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

Shares of CI&T Inc. (NYSE:CINT) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $6.4111.

Several analysts have issued reports on CINT shares. Weiss Ratings lowered CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. UBS Group increased their price target on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Wedbush lowered CI&T from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $4.00 in a report on Tuesday, July 21st. Zacks Research cut CI&T from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GMT Capital Corp bought a new stake in CI&T during the 4th quarter valued at $1,786,000. Royce & Associates LP boosted its holdings in shares of CI&T by 69.7% in the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock worth $3,615,000 after acquiring an additional 364,696 shares during the period. Merit Financial Group LLC bought a new position in shares of CI&T in the fourth quarter worth $204,000. R Squared Ltd purchased a new position in shares of CI&T in the fourth quarter valued at $113,000. Finally, NewEdge Advisors LLC purchased a new position in shares of CI&T in the first quarter valued at $181,000. 92.45% of the stock is owned by institutional investors.

CI&T Trading Down 0.1%

Shares of CINT stock opened at $3.63 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The firm has a market cap of $488.26 million, a P/E ratio of 11.70 and a beta of 0.81. The company has a 50 day moving average of $3.53 and a 200-day moving average of $4.24. CI&T has a 12-month low of $3.03 and a 12-month high of $5.88.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a net margin of 7.90% and a return on equity of 13.19%. The firm had revenue of $142.82 million during the quarter, compared to analysts’ expectations of $140.05 million. Sell-side analysts anticipate that CI&T will post 0.32 earnings per share for the current year.

CI&T Company Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.