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

Canaccord Genuity Group restated their buy rating on shares of CI&T (NYSE:CINT) in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a $10.00 price objective on the stock.

CINT has been the subject of several other research reports. Wedbush set a $9.00 target price on CI&T in a research note on Monday, February 3rd. TD Cowen assumed coverage on CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective on the stock. Finally, UBS Group boosted their target price on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.37.

CI&T Trading Up 0.8 %

CI&T stock opened at $6.41 on Monday. 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 has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The stock has a market cap of $861.58 million, a P/E ratio of 49.31 and a beta of 1.18. The firm’s fifty day moving average price is $6.83 and its 200-day moving average price is $6.75.

CI&T (NYSE:CINT) last posted its quarterly earnings data 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). CI&T had a return on equity of 9.55% and a net margin of 4.39%. The company had revenue of $112.34 million during the quarter, compared to the consensus estimate of $646.68 million. Equities research analysts forecast that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in shares of CI&T in the 4th quarter worth approximately $3,036,000. BW Gestao de Investimentos Ltda. lifted its position in CI&T by 20.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company’s stock valued at $16,387,000 after buying an additional 464,529 shares during the period. Renaissance Technologies LLC grew its position in shares of CI&T by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock worth $678,000 after buying an additional 58,500 shares during the period. Marshall Wace LLP increased its stake in shares of CI&T by 134.4% in the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock worth $535,000 after acquiring an additional 50,543 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in CI&T by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after acquiring an additional 45,574 shares during the period. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

About CI&T

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.