CI&T (NYSE:CINT) Given New $6.30 Price Target at UBS Group

CI&T (NYSE:CINT) had its price target lifted by investment analysts at UBS Group from $6.20 to $6.30 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group‘s target price suggests a potential upside of 95.96% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. TD Cowen dropped their price target on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Zacks Research lowered shares of CI&T from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. cut their price target on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Finally, Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $4.00 in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, CI&T currently has an average rating of “Hold” and an average price target of $6.09.

CI&T Stock Down 3.5%

NYSE CINT traded down $0.12 during trading on Thursday, hitting $3.21. 9,401 shares of the company traded hands, compared to its average volume of 122,295. CI&T has a 12 month low of $2.80 and a 12 month high of $5.80. The business has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $3.91. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $432.67 million, a P/E ratio of 11.09 and a beta of 0.82.

CI&T (NYSE:CINT) last released its earnings results on Thursday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $146.30 million during the quarter, compared to analyst estimates of $146.15 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. As a group, sell-side analysts predict that CI&T will post 0.31 EPS for the current year.

Insider Buying and Selling

In other CI&T news, Director Fernando Matt Borges Martins acquired 9,116 shares of the business’s stock in a transaction on Wednesday, October 7th. The stock was purchased at an average price of $3.12 per share, for a total transaction of $28,441.92. Following the transaction, the director owned 20 shares in the company, valued at $62.40. This trade represents a -100.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 41,105 shares of company stock worth $127,888.

Institutional Trading of CI&T

Several large investors have recently made changes to their positions in CINT. Aberdeen Group plc bought a new position in shares of CI&T in the third quarter valued at about $2,529,000. Beacon Hill Wealth Management LTD. acquired a new stake in CI&T in the 2nd quarter valued at about $617,000. NewEdge Advisors LLC bought a new position in shares of CI&T in the first quarter worth about $181,000. Wedbush Securities Inc. raised its stake in shares of CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after acquiring an additional 22,525 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in shares of CI&T during the second quarter worth approximately $74,000. Institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T is a global technology and digital transformation company that helps organizations develop and improve digital products, services and operations. Its offerings include technology consulting, product design, software development, data and artificial intelligence solutions, cloud services and modernization of existing systems. Founded in Brazil in 1995, the company serves clients across multiple industries and geographies, including North America, Latin America and Europe. CI&T works with organizations on initiatives ranging from digital strategy and customer experiences to the design and implementation of technology platforms.