CI&T (NYSE:CINT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of CI&T (NYSE:CINT) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. UBS Group decreased their target price on shares of CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of CI&T in a research report on Thursday, October 30th. Canaccord Genuity Group decreased their price objective on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Zacks Research upgraded shares of CI&T from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $7.47.

CI&T Trading Down 4.8%

CI&T stock opened at $4.18 on Friday. The firm has a market cap of $562.83 million, a price-to-earnings ratio of 15.48 and a beta of 1.14. CI&T has a 1 year low of $3.98 and a 1 year high of $8.00. The firm’s 50 day moving average price is $4.82 and its two-hundred day moving average price is $5.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40.

CI&T (NYSE:CINT) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $677.59 million for the quarter, compared to the consensus estimate of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. CI&T has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict 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 modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares during the last quarter. Hsbc Holdings PLC bought a new stake in CI&T in the first quarter worth $62,000. Franklin Resources Inc. acquired a new position in CI&T during the third quarter worth $56,000. Wedbush Securities Inc. acquired a new position in CI&T during the third quarter worth $58,000. Finally, Centiva Capital LP bought a new position in CI&T during the third quarter valued at about $72,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.