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

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

Several other research analysts have also recently issued reports on CINT. JPMorgan Chase & Co. raised CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 price objective on the stock in a research note on Monday, May 19th. Cowen reiterated a "buy" rating on shares of CI&T in a report on Wednesday, May 14th. Canaccord Genuity Group reissued a "buy" rating and set a $8.00 price target (down previously from $10.00) on shares of CI&T in a research report on Thursday, June 26th. Finally, Citigroup initiated coverage on CI&T in a report on Friday, April 25th. They issued a "buy" rating and a $7.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $8.16.

CI&T Trading Up 1.5%

Shares of NYSE:CINT traded up $0.09 on Friday, hitting $5.98. 30,444 shares of the company's stock were exchanged, compared to its average volume of 106,586. The stock has a market capitalization of $805.39 million, a price-to-earnings ratio of 29.90 and a beta of 1.18. CI&T has a 12 month low of $4.42 and a 12 month high of $8.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.55 and a quick ratio of 1.55. The business's 50 day simple moving average is $6.01 and its two-hundred day simple moving average is $6.18.

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

Hedge Funds Weigh In On CI&T

A number of large investors have recently added to or reduced their stakes in CINT. Bank of New York Mellon Corp bought a new stake in shares of CI&T in the 4th quarter valued at about $3,036,000. Renaissance Technologies LLC increased its position in CI&T by 110.0% during the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock valued at $678,000 after buying an additional 58,500 shares in the last quarter. Marshall Wace LLP raised its stake in CI&T by 134.4% in the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company's stock valued at $535,000 after buying an additional 50,543 shares during the last quarter. Stifel Financial Corp acquired a new stake in CI&T in the fourth quarter worth about $68,000. Finally, BW Gestao de Investimentos Ltda. grew its stake in shares of CI&T by 20.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company's stock worth $16,387,000 after acquiring an additional 464,529 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

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.