CI&T (NYSE:CINT) Upgraded at UBS Group

UBS Group upgraded shares of CI&T (NYSE:CINT) from a neutral rating to a buy rating in a research report released on Wednesday, MarketBeat.com reports. UBS Group currently has $7.00 target price on the stock, up from their prior target price of $6.80.

CINT has been the subject of a number of other research reports. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen upgraded CI&T from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Canaccord Genuity Group lowered their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.20.

CI&T Stock Up 0.1%

CINT opened at $4.74 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $637.84 million, a price-to-earnings ratio of 17.54 and a beta of 1.15. CI&T has a one year low of $3.98 and a one year high of $8.00. The business’s fifty day moving average is $4.51 and its two-hundred day moving average is $4.95.

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

Institutional Trading of CI&T

A number of institutional investors have recently modified their holdings of CINT. Franklin Resources Inc. purchased a new position in CI&T in the third quarter valued at approximately $56,000. Wedbush Securities Inc. acquired a new stake in shares of CI&T in the third quarter worth $58,000. Russell Investments Group Ltd. increased its position in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after acquiring an additional 7,456 shares in the last quarter. Centiva Capital LP purchased a new position in shares of CI&T in the 3rd quarter valued at $72,000. Finally, Nipun Capital L.P. acquired a new position in shares of CI&T during the 2nd quarter valued at $111,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.