CI&T (NYSE:CINT) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded CI&T from “strong sell” to “hold,” while other analysts delivered mixed views. The stock retains a “Moderate Buy” consensus rating with an average price target of $6.08.
• CI&T shares opened at $3.04, near their 12-month low of $2.80 and below the 50-day and 200-day moving averages of $3.39 and $3.91, respectively.
• The company reported quarterly EPS of $0.07, missing estimates of $0.09, although revenue of $142.82 million exceeded expectations. Institutional investors own 92.45% of the stock.

CI&T (NYSE:CINT - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday, Zacks reports.

Other research analysts have also issued reports about the company. Weiss Ratings lowered CI&T from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, June 29th. Wall Street Zen downgraded CI&T from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. JPMorgan Chase & Co. decreased their price target on CI&T from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Wednesday, August 12th. Wedbush downgraded shares of CI&T from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.00 in a research report on Tuesday, July 21st. Finally, UBS Group lowered their price target on shares of CI&T from $7.20 to $6.20 and set a "buy" rating for the company in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.08.

CI&T Price Performance

Shares of CI&T stock opened at $3.04 on Monday. CI&T has a twelve month low of $2.80 and a twelve month high of $5.80. The stock has a market capitalization of $409.53 million, a P/E ratio of 10.49 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $3.39 and its 200 day moving average price is $3.91.

CI&T (NYSE:CINT - Get Free Report) last released 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). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The firm had revenue of $142.82 million during the quarter, compared to analyst estimates of $140.05 million. As a group, research analysts anticipate that CI&T will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in CI&T in the 2nd quarter valued at about $43,000. Janney Montgomery Scott LLC acquired a new position in CI&T during the 1st quarter valued at about $60,000. AXQ Capital LP bought a new position in CI&T in the 2nd quarter worth about $74,000. Wedbush Securities Inc. increased its stake 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. Finally, R Squared Ltd increased its stake in shares of CI&T by 24.1% in the first quarter. R Squared Ltd now owns 34,521 shares of the company's stock valued at $175,000 after purchasing an additional 6,707 shares during the period. 92.45% of the stock is currently owned by institutional investors.

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.

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