CI&T (NYSE:CINT) Stock Rating Lowered by Wall Street Zen

CI&T (NYSE:CINT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other analysts have also recently weighed in on CINT. Canaccord Genuity Group reduced their price target on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. UBS Group set a $7.00 price target on shares of CI&T and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Finally, Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.20.

CI&T Trading Up 0.1%

Shares of CINT opened at $4.74 on Friday. CI&T has a 1-year low of $3.98 and a 1-year high of $8.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $637.84 million, a price-to-earnings ratio of 17.54 and a beta of 1.15. The firm has a 50 day simple moving average of $4.51 and a 200-day simple moving average of $4.94.

CI&T (NYSE:CINT) last posted its earnings results on Thursday, November 13th. The company reported $0.07 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 business had revenue of $127.31 million for the quarter, compared to analyst estimates of $673.11 million. Equities analysts forecast that CI&T will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

Several large investors have recently bought and sold shares of CINT. BW Gestao de Investimentos Ltda. grew its holdings in CI&T by 9.2% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after buying an additional 242,811 shares during the last quarter. JPMorgan Chase & Co. raised its stake in CI&T by 24,544.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock valued at $8,720,000 after purchasing an additional 1,454,751 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of CI&T during the 3rd quarter worth about $2,696,000. Aberdeen Group plc grew its holdings in shares of CI&T by 74.5% during the second quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock worth $2,970,000 after buying an additional 210,370 shares in the last quarter. Finally, Herald Investment Management Ltd lifted its stake in shares of CI&T by 26.8% during the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock valued at $2,682,000 after buying an additional 95,000 shares during the period. Institutional investors and hedge funds 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.