Wall Street Zen Upgrades CI&T (NYSE:CINT) to "Buy"

Key Points

• CI&T has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive sentiment from investment analysts.
• The company's average target price is now $8.01, although several analysts have varying price objectives, with Canaccord Genuity setting it at $8.00 despite a decrease from a previous $10.00.
• CI&T reported earnings of $0.07 per share last quarter, exceeding expectations, and has shown a strong presence of institutional investors, owning 92.45% of the stock.

Wall Street Zen upgraded shares of CI&T (NYSE:CINT - Free Report) from a hold rating to a buy rating in a report published on Saturday.

CINT has been the topic of several other reports. Canaccord Genuity Group reiterated a "buy" rating and set a $8.00 target price (down from $10.00) on shares of CI&T in a report on Thursday, June 26th. UBS Group dropped their price target on CI&T from $8.00 to $6.80 and set a "neutral" rating on the stock in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 target price on the stock in a research report on Monday, May 19th. Citigroup started coverage on CI&T in a report on Friday, April 25th. They set a "buy" rating and a $7.00 price objective for the company. Finally, Cowen reiterated a "buy" rating on shares of CI&T in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.73.

CI&T Stock Performance

Shares of NYSE CINT traded down $0.10 during trading hours on Friday, hitting $5.29. 91,758 shares of the company's stock were exchanged, compared to its average volume of 200,195. CI&T has a 1-year low of $4.42 and a 1-year high of $8.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49. The company's 50-day moving average price is $5.65 and its 200-day moving average price is $6.01. The stock has a market capitalization of $712.46 million, a price-to-earnings ratio of 22.04 and a beta of 1.17.

CI&T (NYSE:CINT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. CI&T had a return on equity of 11.34% and a net margin of 7.27%. The firm had revenue of $116.32 million during the quarter, compared to the consensus estimate of $659.84 million. On average, sell-side analysts expect that CI&T will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CINT. Lazard Asset Management LLC increased its holdings in shares of CI&T by 52,926.9% in the 2nd quarter. Lazard Asset Management LLC now owns 41,361 shares of the company's stock worth $246,000 after buying an additional 41,283 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of CI&T by 180.1% in the second quarter. Jane Street Group LLC now owns 76,553 shares of the company's stock worth $457,000 after buying an additional 49,219 shares during the last quarter. BW Gestao de Investimentos Ltda. raised its holdings in shares of CI&T by 9.2% in the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company's stock worth $17,209,000 after buying an additional 242,811 shares during the last quarter. Jump Financial LLC purchased a new position in shares of CI&T during the second quarter worth $185,000. Finally, Marshall Wace LLP increased its holdings in CI&T by 90.4% in the second quarter. Marshall Wace LLP now owns 380,818 shares of the company's stock valued at $2,273,000 after buying an additional 180,800 shares in the last quarter. 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.