Analysts Set CI&T Inc. (NYSE:CINT) Target Price at $5.58

CI&T Inc. (NYSE:CINT) has been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.58.

A number of research analysts have issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $5.50 price objective (down previously from $6.00) on shares of CI&T in a research note on Friday, January 5th. Canaccord Genuity Group lifted their target price on CI&T from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Monday, March 18th.

Institutional Trading of CI&T

A number of institutional investors and hedge funds have recently modified their holdings of CINT. Renaissance Technologies LLC bought a new stake in shares of CI&T in the first quarter worth $644,000. Bank of America Corp DE boosted its position in CI&T by 197.2% in the first quarter. Bank of America Corp DE now owns 229,350 shares of the company’s stock worth $3,674,000 after purchasing an additional 152,168 shares during the last quarter. LPL Financial LLC bought a new stake in shares of CI&T during the 2nd quarter valued at about $168,000. Sei Investments Co. purchased a new stake in shares of CI&T during the 2nd quarter valued at about $118,000. Finally, Citadel Advisors LLC purchased a new stake in shares of CI&T during the 2nd quarter valued at about $192,000. Institutional investors own 92.45% of the company’s stock.

CI&T Stock Up 2.2 %

Shares of NYSE:CINT opened at $4.14 on Friday. The stock has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $4.83. The stock has a market capitalization of $556.46 million, a price-to-earnings ratio of 18.82 and a beta of 1.04. CI&T has a 12-month low of $3.34 and a 12-month high of $7.20. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $107.56 million. CI&T had a return on equity of 15.96% and a net margin of 7.11%. On average, research analysts anticipate that CI&T will post 0.25 earnings per share for the current fiscal year.

About CI&T

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.