CI&T’s (CINT) Buy Rating Reaffirmed at Canaccord Genuity Group

CI&T (NYSE:CINT)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a report released on Monday,Benzinga reports. They currently have a $10.00 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 53.94% from the stock’s current price.

A number of other research analysts have also recently weighed in on CINT. UBS Group lifted their target price on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Wedbush set a $9.00 target price on shares of CI&T in a research note on Monday, February 3rd. Finally, TD Cowen began coverage on shares of CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 target price on the stock. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8.37.

CI&T Stock Performance

Shares of CI&T stock traded up $0.06 on Monday, hitting $6.50. 33,435 shares of the company’s stock were exchanged, compared to its average volume of 91,852. The company has a 50-day simple moving average of $6.82 and a 200-day simple moving average of $6.76. The stock has a market capitalization of $873.14 million, a PE ratio of 49.97 and a beta of 1.18. CI&T has a 1 year low of $3.34 and a 1 year high of $8.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.36). The business had revenue of $112.34 million for the quarter, compared to analysts’ expectations of $646.68 million. CI&T had a return on equity of 9.55% and a net margin of 4.39%. As a group, equities analysts anticipate that CI&T will post 0.2 EPS for the current year.

Institutional Trading of CI&T

A number of large investors have recently made changes to their positions in CINT. 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 buying an additional 2,995 shares during the last quarter. State Street Corp increased its holdings in shares of CI&T by 28.8% in the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after buying an additional 15,083 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of CI&T in the 3rd quarter worth about $108,000. Verde Servicos Internacionais S.A. bought a new stake in shares of CI&T in the 4th quarter worth about $152,000. Finally, WCM Investment Management LLC increased its holdings in shares of CI&T by 3.2% in the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after buying an additional 45,574 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.