CI&T (NYSE:CINT) Price Target Lowered to $6.00 at JPMorgan Chase & Co.

CI&T (NYSE:CINT) had its price objective decreased by JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 22.20% from the company’s previous close.

Several other research analysts have also weighed in on CINT. Zacks Research downgraded CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Canaccord Genuity Group reduced their price target on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. UBS Group set a $7.00 price target on shares of CI&T and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

CI&T Price Performance

CI&T stock traded up $0.16 during mid-day trading on Wednesday, hitting $4.91. The company’s stock had a trading volume of 33,510 shares, compared to its average volume of 176,370. CI&T has a twelve month low of $3.98 and a twelve month high of $7.50. The stock’s fifty day moving average price is $4.70 and its two-hundred day moving average price is $4.83. The stock has a market capitalization of $661.28 million, a P/E ratio of 18.19 and a beta of 1.16. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently made changes to their positions in CINT. Franklin Resources Inc. acquired a new position in shares of CI&T in the 3rd quarter valued at $56,000. Wedbush Securities Inc. bought a new position in shares of CI&T during the 3rd quarter valued at about $58,000. RPO LLC bought a new stake in CI&T during the 4th quarter worth approximately $60,000. Russell Investments Group Ltd. raised its holdings in 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 buying an additional 7,456 shares during the period. Finally, Centiva Capital LP bought a new position in CI&T in the third quarter valued at approximately $72,000. 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.