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

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

CINT has been the subject of several other research reports. JPMorgan Chase & Co. dropped their target price on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Canaccord Genuity Group lowered their price target on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings lowered CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.16.

CI&T Stock Up 4.0%

Shares of CINT opened at $4.84 on Friday. The firm has a market cap of $651.58 million, a P/E ratio of 17.92 and a beta of 1.15. CI&T has a 12-month low of $3.98 and a 12-month high of $8.00. The company’s 50-day moving average price is $4.51 and its 200 day moving average price is $4.98. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $127.31 million for the quarter, compared to analysts’ expectations of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. On average, sell-side analysts forecast that CI&T will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

Several hedge funds and other institutional investors have recently made changes to their positions in CINT. Herald Investment Management Ltd increased its stake in shares of CI&T by 26.8% during the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock worth $2,682,000 after buying an additional 95,000 shares during the period. JPMorgan Chase & Co. grew its holdings in CI&T by 24,544.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock worth $8,720,000 after acquiring an additional 1,454,751 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in CI&T during the 2nd quarter worth approximately $439,000. Aberdeen Group plc increased its position in shares of CI&T by 74.5% in the 2nd quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after purchasing an additional 210,370 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after purchasing an additional 62,688 shares in the last quarter. 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.