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

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

CINT has been the topic of several other research reports. Canaccord Genuity Group upped their price objective on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings lowered shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. UBS Group increased their price target on shares of CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Wedbush dropped their price target on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, CI&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.80.

CI&T Stock Up 4.4%

CI&T stock opened at $3.66 on Friday. The firm has a market cap of $491.89 million, a PE ratio of 11.79 and a beta of 0.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50 day moving average price is $4.31 and its two-hundred day moving average price is $4.59. CI&T has a twelve month low of $3.16 and a twelve month high of $6.30.

CI&T (NYSE:CINT) last released its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). CI&T had a net margin of 7.90% and a return on equity of 13.19%. On average, research analysts predict that CI&T will post 0.36 EPS for the current fiscal year.

Institutional Trading of CI&T

Several large investors have recently modified their holdings of CINT. Franklin Resources Inc. bought a new stake in shares of CI&T during the 3rd quarter worth $56,000. Wedbush Securities Inc. bought a new stake in shares of CI&T during the 3rd quarter worth $58,000. Janney Montgomery Scott LLC bought a new stake in shares of CI&T during the 1st quarter worth $60,000. RPO LLC bought a new stake in shares of CI&T during the 4th quarter worth $60,000. Finally, Russell Investments Group Ltd. boosted its position in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after acquiring an additional 7,456 shares during the period. 92.45% of the stock is owned by 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.