CI&T (NYSE:CINT) Given New $6.00 Price Target at JPMorgan Chase & Co.

CI&T (NYSE:CINT) had its price target decreased by JPMorgan Chase & Co. from $7.00 to $6.00 in a report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on CINT. UBS Group set a $7.00 price objective on CI&T and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Zacks Research downgraded shares of CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Finally, Canaccord Genuity Group decreased their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

CI&T Stock Performance

Shares of CINT opened at $4.86 on Wednesday. The company has a market cap of $653.87 million, a price-to-earnings ratio of 17.98 and a beta of 1.16. The business’s fifty day simple moving average is $4.71 and its two-hundred day simple moving average is $4.83. CI&T has a 12 month low of $3.98 and a 12 month high of $7.50. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently bought and sold shares of CINT. XTX Topco Ltd purchased a new position in shares of CI&T during the 4th quarter valued at $287,000. Lazard Asset Management LLC lifted its position in shares of 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 acquiring an additional 28,162 shares in the last quarter. RPO LLC bought a new position in shares of CI&T in the fourth quarter worth about $60,000. Jump Financial LLC purchased a new stake in shares of CI&T during the fourth quarter worth about $156,000. Finally, Squarepoint Ops LLC raised its stake in CI&T by 60.7% during the 4th 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. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.