CI&T (NYSE:CINT) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of CI&T (NYSE:CINT) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

Several other analysts have also issued reports on CINT. UBS Group boosted their target price on CI&T from $7.00 to $7.10 and gave the company a “buy” rating in a research note on Thursday, March 12th. Canaccord Genuity Group boosted their target price on 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. lowered their target price on 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 upgraded CI&T from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Wedbush started coverage on CI&T in a research report on Thursday, April 9th. They issued an “outperform” rating and a $9.00 price target for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.28.

CI&T Stock Performance

Shares of CINT opened at $3.87 on Friday. The firm has a market cap of $520.15 million, a PE ratio of 12.88 and a beta of 0.85. The stock’s fifty day moving average price is $4.81 and its two-hundred day moving average price is $4.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33. CI&T has a 1 year low of $3.81 and a 1 year high of $7.09.

CI&T (NYSE:CINT) last issued its earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $69.07 million for the quarter. CI&T had a return on equity of 13.46% and a net margin of 8.30%. On average, equities research analysts forecast that CI&T will post 0.39 EPS for the current year.

Hedge Funds Weigh In On CI&T

Hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. purchased a new position in shares of CI&T in the third quarter valued at $56,000. Wedbush Securities Inc. purchased a new position in shares of CI&T in the third quarter valued at $58,000. Janney Montgomery Scott LLC purchased a new position in shares of CI&T in the first quarter valued at $60,000. RPO LLC purchased a new position in shares of CI&T in the fourth quarter valued at $60,000. Finally, Russell Investments Group Ltd. grew its position in CI&T by 176.3% during the second 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 in the last quarter. 92.45% of the stock is currently owned by hedge funds and other 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.