JPMorgan Chase & Co. Lowers CI&T (NYSE:CINT) Price Target to $7.00

CI&T (NYSE:CINT) had its target price reduced by analysts at JPMorgan Chase & Co. from $8.00 to $7.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 59.27% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group restated a “buy” rating and set a $8.00 price target on shares of CI&T in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CI&T in a report on Thursday, October 30th. Zacks Research upgraded shares of CI&T from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, UBS Group lowered their price objective on CI&T from $8.00 to $6.80 and set a “neutral” rating on the stock in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, CI&T currently has an average rating of “Buy” and an average target price of $7.47.

CI&T Stock Performance

Shares of NYSE:CINT opened at $4.40 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $4.84 and a 200-day moving average price of $5.42. The company has a market cap of $591.92 million, a price-to-earnings ratio of 16.28 and a beta of 1.14. CI&T has a 12 month low of $3.98 and a 12 month high of $8.00.

CI&T (NYSE:CINT) last posted its earnings results on Wednesday, November 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). CI&T had a net margin of 7.83% and a return on equity of 12.58%. CI&T has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts anticipate that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in CI&T by 24,544.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock worth $8,720,000 after purchasing an additional 1,454,751 shares in the last quarter. Royce & Associates LP purchased a new position in shares of CI&T in the third quarter worth $2,696,000. Aberdeen Group plc acquired a new stake in shares of CI&T during the first quarter worth $1,681,000. BW Gestao de Investimentos Ltda. grew its holdings in shares of 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 valued at $17,209,000 after buying an additional 242,811 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of CI&T by 90.4% in the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after acquiring an additional 180,800 shares during the period. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.