CI&T (NYSE:CINT) Coverage Initiated at Wedbush

Wedbush started coverage on shares of CI&T (NYSE:CINT) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $5.00 price objective on the stock.

CINT has been the subject of several other research reports. Canaccord Genuity Group upgraded CI&T from a hold rating to a buy rating and lifted their price target for the company from $5.00 to $6.00 in a research note on Thursday. UBS Group assumed coverage on CI&T in a research report on Tuesday, May 14th. They set a neutral rating and a $4.20 price objective on the stock. Canaccord Genuity Group upgraded shares of CI&T from a hold rating to a buy rating and raised their price target for the stock from $5.00 to $6.00 in a report on Thursday. Finally, Citigroup lowered their target price on shares of CI&T from $4.50 to $4.25 and set a neutral rating for the company in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CI&T presently has a consensus rating of Moderate Buy and a consensus price target of $5.37.

CI&T Stock Up 15.2 %

CI&T stock traded up $0.60 during midday trading on Friday, reaching $4.55. The company’s stock had a trading volume of 334,219 shares, compared to its average volume of 108,084. The stock’s 50-day simple moving average is $4.04 and its 200-day simple moving average is $4.56. The stock has a market capitalization of $611.57 million, a P/E ratio of 25.28 and a beta of 1.03. CI&T has a 52-week low of $3.34 and a 52-week high of $7.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 2.00.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. CI&T had a net margin of 6.03% and a return on equity of 14.03%. The business had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $107.56 million. On average, sell-side analysts expect that CI&T will post 0.25 EPS for the current year.

Hedge Funds Weigh In On CI&T

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CINT. Banco BTG Pactual S.A. increased its stake in CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after buying an additional 10,000 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after acquiring an additional 7,047 shares in the last quarter. Herald Investment Management Ltd acquired a new stake in CI&T in the third quarter valued at $2,304,000. BW Gestao de Investimentos Ltda. raised its position in CI&T by 168.7% during the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after acquiring an additional 666,212 shares during the last quarter. Finally, WCM Investment Management LLC grew its holdings in CI&T by 4.4% during the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after buying an additional 58,489 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.