Wedbush Begins Coverage on CI&T (NYSE:CINT)

Research analysts at Wedbush began coverage on shares of CI&T (NYSE:CINT) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set an “outperform” rating and a $9.00 price target on the stock. Wedbush’s price objective points to a potential upside of 95.23% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group boosted their price objective on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Wall Street Zen raised CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. UBS Group upped their price target on CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. dropped their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CI&T presently has an average rating of “Moderate Buy” and an average price target of $7.22.

CI&T Stock Down 0.9%

Shares of NYSE:CINT opened at $4.61 on Thursday. The company has a market capitalization of $620.41 million, a price-to-earnings ratio of 15.37 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33. The business’s 50-day moving average is $5.00 and its 200-day moving average is $4.76. CI&T has a 1 year low of $3.98 and a 1 year high of $7.09.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $69.07 million for the quarter. CI&T had a return on equity of 13.46% and a net margin of 8.30%. Equities research analysts predict that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CINT. Franklin Resources Inc. acquired a new position in CI&T during the 3rd quarter worth approximately $56,000. Wedbush Securities Inc. bought a new stake in CI&T during the 3rd quarter worth approximately $58,000. RPO LLC bought a new stake in CI&T during the 4th quarter worth approximately $60,000. Russell Investments Group Ltd. increased its holdings in CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in CI&T during the 3rd quarter worth approximately $72,000. 92.45% of the stock is owned by institutional investors and hedge funds.

CI&T Company Profile

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.