CI&T (NYSE:CINT) Price Target Raised to $10.00

CI&T (NYSE:CINT) had its target price increased by Canaccord Genuity Group from $9.00 to $10.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, September 6th. The Goldman Sachs Group started coverage on shares of CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 target price for the company. Finally, Citigroup lifted their price target on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Five equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.11.

CI&T Trading Up 4.1 %

CINT opened at $6.42 on Monday. The stock has a market capitalization of $862.91 million, a P/E ratio of 49.39 and a beta of 1.16. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04. The firm’s fifty day simple moving average is $6.89 and its 200 day simple moving average is $5.93.

CI&T (NYSE:CINT) last released its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $100.45 million during the quarter, compared to analyst estimates of $104.75 million. CI&T had a net margin of 4.39% and a return on equity of 9.51%. As a group, research analysts anticipate that CI&T will post 0.22 EPS for the current fiscal year.

Institutional Trading of CI&T

Large investors have recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. increased its stake in shares of CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after purchasing an additional 1,073,302 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in CI&T during the second quarter worth approximately $2,264,000. Marshall Wace LLP raised its stake in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after buying an additional 65,457 shares during the period. State Street Corp lifted its position in shares of CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after buying an additional 15,083 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of CI&T during the 2nd quarter worth approximately $76,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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.