JPMorgan Chase & Co. Lowers CI&T (NYSE:CINT) Price Target to $6.00

CI&T (NYSE:CINT) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $7.00 to $6.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 24.48% from the company’s previous close.

A number of other analysts have also weighed in on CINT. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group set a $7.00 target price on CI&T and gave the company a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. 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 research report on Thursday, November 13th. Finally, Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CI&T has an average rating of “Moderate Buy” and a consensus target price of $6.50.

CI&T Trading Down 1.0%

Shares of CINT stock opened at $4.82 on Wednesday. CI&T has a fifty-two week low of $3.98 and a fifty-two week high of $7.50. The company has a 50 day moving average price of $4.72 and a 200 day moving average price of $4.83. The stock has a market capitalization of $649.16 million, a P/E ratio of 17.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. purchased a new stake in CI&T during the third quarter worth approximately $56,000. Wedbush Securities Inc. acquired a new stake in CI&T during the third quarter worth approximately $58,000. Russell Investments Group Ltd. lifted its position in shares of 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 buying an additional 7,456 shares during the last quarter. Centiva Capital LP acquired a new position in shares of CI&T in the 3rd quarter valued at $72,000. Finally, RPO LLC acquired a new position in shares of CI&T in the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.