CI&T (NYSE:CINT) Upgraded to “Buy” at Wall Street Zen

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

CINT has been the subject of several other research reports. Zacks Research lowered shares of CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group increased their price objective on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Canaccord Genuity Group boosted their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.78.

CI&T Price Performance

CI&T stock opened at $5.42 on Friday. The stock’s 50 day moving average is $4.91 and its 200 day moving average is $4.81. CI&T has a one year low of $3.98 and a one year high of $7.09. The firm has a market cap of $729.29 million, a P/E ratio of 18.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in CI&T during the fourth quarter worth $287,000. Lazard Asset Management LLC increased its stake in CI&T by 41.2% in the fourth quarter. Lazard Asset Management LLC now owns 96,571 shares of the company’s stock valued at $393,000 after purchasing an additional 28,162 shares in the last quarter. RPO LLC bought a new stake in CI&T in the fourth quarter valued at $60,000. Jump Financial LLC acquired a new position in shares of CI&T during the fourth quarter valued at about $156,000. Finally, Squarepoint Ops LLC raised its holdings in shares of CI&T by 60.7% during the fourth quarter. Squarepoint Ops LLC now owns 34,724 shares of the company’s stock valued at $141,000 after purchasing an additional 13,115 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.