CI&T (NYSE:CINT) Rating Increased to Buy at Wall Street Zen

CI&T (NYSE:CINT) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts also recently weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, December 26th. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. decreased their target price on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.16.

CI&T Price Performance

CI&T stock opened at $4.84 on Friday. CI&T has a 12-month low of $3.98 and a 12-month high of $8.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. The stock has a market cap of $651.58 million, a P/E ratio of 17.92 and a beta of 1.15. The company has a fifty day simple moving average of $4.51 and a 200-day simple moving average of $4.99.

CI&T (NYSE:CINT) last issued its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $127.31 million for the quarter, compared to analyst estimates of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. Equities analysts expect that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Trading of CI&T

A number of hedge funds have recently added to or reduced their stakes in CINT. Cubist Systematic Strategies LLC increased its holdings in shares of CI&T by 93.8% in the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock valued at $217,000 after purchasing an additional 17,601 shares during the period. Goldman Sachs Group Inc. increased its stake in CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares during the period. Jane Street Group LLC acquired a new position in CI&T in the 1st quarter valued at $163,000. Acadian Asset Management LLC lifted its stake in shares of CI&T by 47.7% in the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after acquiring an additional 29,200 shares during the period. Finally, Herald Investment Management Ltd boosted its holdings in shares of CI&T by 26.8% in the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock valued at $2,682,000 after acquiring an additional 95,000 shares in the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.