UBS Group Cuts CI&T (NYSE:CINT) Price Target to $6.20

CI&T (NYSE:CINT) had its target price decreased by UBS Group from $7.20 to $6.20 in a report released on Wednesday morning, Marketbeat.com reports. UBS Group currently has a buy rating on the stock.

Several other brokerages have also recently commented on CINT. Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings lowered CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $4.00 in a research note on Tuesday, July 21st. TD Cowen cut their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research lowered shares of CI&T from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.08.

CI&T Trading Down 0.6%

NYSE CINT opened at $3.67 on Wednesday. The firm’s 50 day moving average price is $3.51 and its two-hundred day moving average price is $4.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.31. CI&T has a twelve month low of $3.03 and a twelve month high of $5.88. The stock has a market cap of $493.77 million, a price-to-earnings ratio of 12.65 and a beta of 0.81.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $142.82 million during the quarter, compared to the consensus estimate of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. Equities analysts anticipate that CI&T will post 0.32 EPS for the current year.

Institutional Trading of CI&T

Several institutional investors have recently added to or reduced their stakes in CINT. Royce & Associates LP increased its stake in CI&T by 69.7% during the 4th quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock worth $3,615,000 after acquiring an additional 364,696 shares during the period. GMT Capital Corp bought a new stake in shares of CI&T during the 4th quarter worth approximately $1,786,000. Acadian Asset Management LLC raised its holdings in shares of CI&T by 47.7% during the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after buying an additional 29,200 shares in the last quarter. Citadel Advisors LLC grew its position in CI&T by 34.1% in the third quarter. Citadel Advisors LLC now owns 180,926 shares of the company’s stock valued at $932,000 after acquiring an additional 46,031 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. raised its stake 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. 92.45% of the stock is currently owned by institutional investors.

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.