CI&T (NYSE:CINT) Upgraded by Wedbush to “Strong-Buy”

Wedbush upgraded shares of CI&T (NYSE:CINT) to a strong-buy rating in a research note released on Thursday morning, Zacks.com reports.

CINT has been the subject of a number of other reports. UBS Group began coverage on CI&T in a research note on Tuesday, May 14th. They set a neutral rating and a $4.20 price objective for the company. Canaccord Genuity Group upgraded CI&T from a hold rating to a buy rating and boosted their price objective for the company from $5.00 to $6.00 in a research note on Thursday. Citigroup cut their price objective on CI&T from $4.50 to $4.25 and set a neutral rating for the company in a research note on Monday, April 22nd. Finally, Canaccord Genuity Group upgraded CI&T from a hold rating to a buy rating and upped their price target for the stock from $5.00 to $6.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CI&T presently has a consensus rating of Moderate Buy and an average target price of $5.37.

CI&T Price Performance

NYSE CINT opened at $4.55 on Thursday. CI&T has a 52 week low of $3.34 and a 52 week high of $7.20. The firm has a market capitalization of $611.57 million, a P/E ratio of 25.28 and a beta of 1.03. The company has a quick ratio of 2.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $4.04 and a 200-day moving average price of $4.55.

CI&T (NYSE:CINT) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 6.03% and a return on equity of 14.03%. The firm had revenue of $105.50 million during the quarter, compared to analyst estimates of $107.56 million. Equities research analysts anticipate that CI&T will post 0.25 earnings per share for the current year.

Institutional Trading of CI&T

Institutional investors have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. raised its holdings in shares of CI&T by 168.7% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after buying an additional 666,212 shares during the period. Herald Investment Management Ltd purchased a new stake in shares of CI&T in the 3rd quarter valued at $2,304,000. WCM Investment Management LLC raised its holdings in shares of CI&T by 4.4% in 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 period. Banco BTG Pactual S.A. raised its holdings in shares of 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. Finally, Russell Investments Group Ltd. raised its holdings in shares of CI&T by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after buying an additional 7,047 shares during the period. 92.45% of the stock is owned by institutional investors and hedge funds.

About CI&T

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.