Wedbush Reaffirms "Outperform" Rating for CI&T (NYSE:CINT)

Key Points

• Wedbush reaffirmed an "Outperform" rating on CI&T with a $9.00 price target, implying roughly an 89.7% upside from the stock's prior close.
• Analyst sentiment is broadly positive—six Buy ratings and two Holds—giving CI&T a MarketBeat consensus of "Moderate Buy" with an average target of $7.22.
• CI&T shares opened at $4.75, the company reported $0.05 EPS on $69.07M revenue for the quarter, has a market cap of ~$638.6M, and is highly institutionally owned (92.45%).

CI&T (NYSE:CINT - Get Free Report)'s stock had its "outperform" rating reaffirmed by research analysts at Wedbush in a research note issued to investors on Thursday,Benzinga reports. They presently have a $9.00 target price on the stock. Wedbush's price target points to a potential upside of 89.67% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. UBS Group lifted their price target on shares of CI&T from $7.00 to $7.10 and gave the stock a "buy" rating in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of CI&T from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Weiss Ratings raised shares of CI&T from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, January 13th. Canaccord Genuity Group lifted their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CI&T from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, CI&T has a consensus rating of "Moderate Buy" and an average target price of $7.22.

CI&T Stock Down 0.1%

Shares of NYSE:CINT opened at $4.75 on Thursday. CI&T has a one year low of $3.98 and a one year high of $7.09. The company has a 50 day moving average of $5.01 and a 200-day moving average of $4.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33. The stock has a market cap of $638.58 million, a price-to-earnings ratio of 15.82 and a beta of 1.10.

CI&T (NYSE:CINT - Get Free Report) last issued its quarterly earnings results on Sunday, March 22nd. The company reported $0.05 EPS for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. The company had revenue of $69.07 million during the quarter. On average, sell-side analysts forecast that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CINT. Cubist Systematic Strategies LLC lifted its stake in CI&T by 93.8% in the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company's stock valued at $217,000 after buying an additional 17,601 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in CI&T by 551.2% in the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company's stock valued at $442,000 after buying an additional 62,688 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of CI&T in the first quarter valued at approximately $163,000. Acadian Asset Management LLC raised its holdings in shares of CI&T by 47.7% in the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company's stock valued at $531,000 after purchasing an additional 29,200 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company's stock valued at $67,000 after purchasing an additional 7,456 shares during the last quarter. Institutional investors own 92.45% of the company's stock.

About CI&T

CI&T Inc NYSE: CINT is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.

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