CI&T (NYSE:CINT) Lowered to “Hold” Rating by Wall Street Zen

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

Several other research analysts have also recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. UBS Group lifted their target price on shares of CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wedbush lowered their target price on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.80.

CI&T Stock Performance

CINT stock opened at $4.06 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50 day moving average price of $4.11 and a 200 day moving average price of $4.56. CI&T has a fifty-two week low of $3.16 and a fifty-two week high of $6.11. The stock has a market capitalization of $546.93 million, a PE ratio of 13.11 and a beta of 0.80.

CI&T (NYSE:CINT) last posted 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 return on equity of 13.19% and a net margin of 7.90%.The company had revenue of $136.61 million during the quarter, compared to the consensus estimate of $133.28 million. Analysts forecast that CI&T will post 0.36 EPS for the current year.

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP bought a new position in CI&T during the third quarter worth about $2,696,000. GMT Capital Corp bought a new position in CI&T during the fourth quarter worth about $1,786,000. BW Gestao de Investimentos Ltda. lifted its holdings in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after acquiring an additional 242,811 shares in the last quarter. Marshall Wace LLP lifted its holdings in CI&T by 90.4% during the second quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after acquiring an additional 180,800 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in CI&T during the fourth quarter worth about $287,000. Institutional investors and hedge funds 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.