CI&T (NYSE:CINT) Stock Price Up 4.3% – Here’s Why

CI&T Inc. (NYSE:CINT) shares traded up 4.3% on Tuesday . The stock traded as high as $7.24 and last traded at $7.24. 19,602 shares traded hands during trading, a decline of 79% from the average session volume of 93,879 shares. The stock had previously closed at $6.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CINT shares. Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Friday, August 16th. Citigroup upped their price target on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Canaccord Genuity Group upped their target price on CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group began coverage on CI&T in a research note on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target on the stock. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CI&T has an average rating of “Moderate Buy” and a consensus price target of $7.00.

CI&T Trading Up 0.9 %

The firm has a market cap of $935.49 million, a P/E ratio of 49.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a 50 day simple moving average of $6.91 and a 200 day simple moving average of $5.86.

CI&T (NYSE:CINT) last issued its 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 the consensus estimate of $104.75 million. CI&T had a return on equity of 10.93% and a net margin of 4.97%. On average, equities research analysts predict that CI&T Inc. will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of CI&T during the second quarter valued at approximately $76,000. GSA Capital Partners LLP increased its holdings in shares of CI&T by 12.5% in the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares in the last quarter. Banco BTG Pactual S.A. increased its holdings in shares of CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after purchasing an additional 10,000 shares in the last quarter. Marshall Wace LLP raised its stake in shares of CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of CI&T during the second quarter valued at $2,264,000. Institutional investors 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.