CI&T (NYSE:CINT) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of CI&T (NYSE:CINT) from a neutral rating to a buy rating in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have $7.00 price objective on the stock, up from their prior price objective of $6.80.

Several other equities research analysts have also commented on CINT. Zacks Research lowered shares of CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Canaccord Genuity Group decreased their price target on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.20.

CI&T Price Performance

Shares of CINT opened at $4.74 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $4.50 and its two-hundred day moving average is $4.96. CI&T has a twelve month low of $3.98 and a twelve month high of $8.00. The firm has a market capitalization of $637.71 million, a PE ratio of 17.50 and a beta of 1.15.

CI&T (NYSE:CINT) last issued its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a return on equity of 12.42% and a net margin of 7.83%.The business had revenue of $127.31 million for the quarter, compared to analysts’ expectations of $673.11 million. Research analysts anticipate that CI&T will post 0.2 earnings per share for the current year.

Institutional Trading of CI&T

A number of large investors have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in CI&T in the 3rd quarter valued at about $56,000. Wedbush Securities Inc. purchased a new stake in shares of CI&T during the third quarter worth about $58,000. Russell Investments Group Ltd. grew its holdings in shares of CI&T by 176.3% during the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares in the last quarter. Centiva Capital LP acquired a new position in shares of CI&T in the third quarter valued at approximately $72,000. Finally, Nipun Capital L.P. purchased a new position in shares of CI&T during the second quarter valued at approximately $111,000. Institutional investors and hedge funds 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.