Wall Street Zen Downgrades CI&T (NYSE:CINT) to Buy

CI&T (NYSE:CINT) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of CI&T from a “neutral” rating to an “overweight” rating and set a $7.00 price target on the stock in a research note on Monday, May 19th. Citigroup assumed coverage on shares of CI&T in a research report on Friday, April 25th. They issued a “buy” rating and a $7.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a $8.00 price target (down previously from $10.00) on shares of CI&T in a research report on Thursday, June 26th. Finally, Cowen reaffirmed a “buy” rating on shares of CI&T in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.16.

CI&T Stock Down 2.2%

Shares of CI&T stock opened at $5.75 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $774.41 million, a price-to-earnings ratio of 28.75 and a beta of 1.18. The firm’s 50-day moving average is $6.01 and its two-hundred day moving average is $6.17. CI&T has a 1 year low of $4.42 and a 1 year high of $8.04.

CI&T (NYSE:CINT) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). CI&T had a net margin of 6.30% and a return on equity of 9.48%. The firm had revenue of $110.88 million for the quarter, compared to analysts’ expectations of $111.48 million. During the same period in the previous year, the company posted $0.30 earnings per share. As a group, research analysts expect that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP purchased a new position in CI&T during the fourth quarter worth about $111,000. Bank of New York Mellon Corp acquired a new position in shares of CI&T during the 4th quarter valued at about $3,036,000. Cubist Systematic Strategies LLC increased its stake in shares of CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock valued at $114,000 after acquiring an additional 8,459 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of CI&T during the 4th quarter worth about $68,000. Finally, Renaissance Technologies LLC increased its holdings in shares of CI&T by 110.0% during 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 last quarter. 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.