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 report issued on Monday,Benzinga reports. The firm currently has a $10.00 price target on the stock.

Several other equities analysts also recently weighed in on the company. TD Cowen assumed coverage on CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. Wedbush set a $9.00 price target on CI&T in a report on Monday, February 3rd. Finally, UBS Group increased their price target on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Four investment 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.37.

CI&T Stock Performance

NYSE CINT opened at $6.43 on Monday. The company has a market cap of $864.67 million, a PE ratio of 49.49 and a beta of 1.18. The stock’s 50 day simple moving average is $6.82 and its 200-day simple moving average is $6.75. 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 current ratio of 1.58 and a quick ratio of 1.58.

CI&T (NYSE:CINT) last released its 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 firm had revenue of $112.34 million during the quarter, compared to analysts’ expectations of $646.68 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. As a group, equities research analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BW Gestao de Investimentos Ltda. increased its stake 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 worth $16,387,000 after acquiring an additional 464,529 shares during the last quarter. WCM Investment Management LLC increased its stake in CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after acquiring an additional 45,574 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in CI&T during the fourth quarter worth $3,036,000. Renaissance Technologies LLC increased its stake in CI&T by 110.0% during the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock worth $678,000 after acquiring an additional 58,500 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in CI&T by 134.4% during the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock worth $535,000 after acquiring an additional 50,543 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.