JPMorgan Chase & Co. Upgrades CI&T (NYSE:CINT) to Overweight

CI&T (NYSE:CINT - Get Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has a $7.00 price objective on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 11.29% from the company's current price.

Several other analysts also recently weighed in on CINT. Cowen reiterated a "buy" rating on shares of CI&T in a research report on Wednesday, May 14th. Canaccord Genuity Group reiterated a "buy" rating and set a $10.00 target price on shares of CI&T in a research report on Monday, March 17th. Wedbush set a $9.00 price target on CI&T in a research note on Monday, February 3rd. Finally, Citigroup initiated coverage on CI&T in a research note on Friday, April 25th. They set a "buy" rating and a $7.00 price target on the stock. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.41.

CI&T Trading Down 1.3%

CINT traded down $0.08 during trading on Monday, reaching $6.29. The company had a trading volume of 84,274 shares, compared to its average volume of 99,082. The stock has a market cap of $847.15 million, a P/E ratio of 48.39 and a beta of 1.24. The business has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $6.35. CI&T has a 52 week low of $3.98 and a 52 week high of $8.04. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

CI&T (NYSE:CINT - Get Free Report) last issued its quarterly 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 9.55% and a net margin of 4.39%. The company had revenue of $110.88 million during the quarter, compared to the consensus estimate of $111.48 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. On average, equities analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verde Servicos Internacionais S.A. purchased a new stake in shares of CI&T during the fourth quarter worth about $152,000. WCM Investment Management LLC grew its stake in shares of CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock worth $8,747,000 after acquiring an additional 45,574 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of CI&T during the fourth quarter worth about $3,036,000. Renaissance Technologies LLC grew its stake in shares of CI&T by 110.0% during the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock worth $678,000 after acquiring an additional 58,500 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of CI&T by 134.4% during the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company's stock worth $535,000 after acquiring an additional 50,543 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company's stock.

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.