CI&T (NYSE:CINT) Rating Increased to Hold at Zacks Research

CI&T (NYSE:CINT) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other brokerages have also weighed in on CINT. Weiss Ratings lowered shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. UBS Group dropped their target price on CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. TD Cowen decreased their price target on CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, 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 report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.08.

CI&T Price Performance

Shares of CINT opened at $3.04 on Monday. The firm has a market capitalization of $409.53 million, a price-to-earnings ratio of 10.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. CI&T has a one year low of $2.80 and a one year high of $5.80. The stock’s fifty day moving average is $3.39 and its 200-day moving average is $3.91.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $142.82 million during the quarter, compared to analyst estimates of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. Equities analysts anticipate that CI&T will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GMT Capital Corp acquired a new stake in CI&T in the 4th quarter worth approximately $1,786,000. Royce & Associates LP grew its holdings in CI&T by 69.7% during the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after purchasing an additional 364,696 shares during the last quarter. Beacon Hill Wealth Management LTD. acquired a new position in CI&T during the second quarter valued at approximately $617,000. NewEdge Advisors LLC bought a new position in shares of CI&T in the first quarter valued at approximately $181,000. Finally, Wedbush Securities Inc. raised its position in shares of CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after purchasing an additional 22,525 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.

The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.