CI&T (NYSE:CINT) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• CI&T (NYSE:CINT) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment regarding the stock's performance.
• Despite the downgrade, the stock maintains a consensus rating of "Moderate Buy" with an average target price of $8.01, reflecting mixed analyst opinions.
• The company's recent earnings report showed a miss on analysts' EPS estimates, reporting $0.05 instead of the expected $0.07, along with lower quarterly revenue.

CI&T (NYSE:CINT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

CINT has been the topic of a number of other research reports. JPMorgan Chase & Co. raised shares of CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 target price on the stock in a report on Monday, May 19th. Citigroup started coverage on shares of CI&T in a research note on Friday, April 25th. They issued a "buy" rating and a $7.00 price target on the stock. Cowen restated a "buy" rating on shares of CI&T in a research note on Wednesday, May 14th. UBS Group dropped their price target on shares of CI&T from $8.00 to $6.80 and set a "neutral" rating on the stock in a research note on Tuesday, July 22nd. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $8.00 price target (down previously from $10.00) on shares of CI&T in a research note on Thursday, June 26th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.01.

CI&T Stock Performance

Shares of NYSE CINT opened at $5.34 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average price is $5.79 and its two-hundred day moving average price is $6.11. CI&T has a 52-week low of $4.42 and a 52-week high of $8.04. The stock has a market capitalization of $718.52 million, a P/E ratio of 26.68 and a beta of 1.17.

CI&T (NYSE:CINT - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). CI&T had a return on equity of 9.48% and a net margin of 6.30%. The business had revenue of $110.88 million during the quarter, compared to the consensus estimate of $111.48 million. During the same period in the prior year, the business earned $0.30 EPS. As a group, sell-side analysts forecast that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in shares of CI&T during the first quarter valued at approximately $62,000. Stifel Financial Corp acquired a new position in shares of CI&T during the fourth quarter valued at approximately $68,000. Walleye Capital LLC acquired a new position in shares of CI&T during the first quarter valued at approximately $103,000. Two Sigma Investments LP acquired a new position in shares of CI&T during the fourth quarter valued at approximately $111,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock valued at $114,000 after acquiring an additional 8,459 shares during the period. Institutional investors and hedge funds own 92.45% of the company's stock.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm's solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.

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