CI&T (NYSE:CINT) Shares Up 7.9% – Still a Buy?

CI&T Inc. (NYSE:CINT) shares traded up 7.9% during mid-day trading on Thursday . The stock traded as high as $4.67 and last traded at $4.7050. 114,841 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 174,584 shares. The stock had previously closed at $4.36.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CINT. Zacks Research downgraded CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. cut their target price on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Canaccord Genuity Group reduced their target price on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Weiss Ratings downgraded CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, December 26th. Finally, Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.16.

CI&T Trading Up 6.5%

The stock has a 50-day moving average of $4.51 and a two-hundred day moving average of $5.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $625.59 million, a P/E ratio of 17.24 and a beta of 1.15.

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

Institutional Investors Weigh In On CI&T

Several hedge funds have recently modified their holdings of CINT. JPMorgan Chase & Co. boosted its position in CI&T by 24,544.5% during the second quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock valued at $8,720,000 after purchasing an additional 1,454,751 shares in the last quarter. Royce & Associates LP bought a new position in shares of CI&T during the 3rd quarter worth approximately $2,696,000. BW Gestao de Investimentos Ltda. lifted its position in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after acquiring an additional 242,811 shares during the last quarter. Aberdeen Group plc boosted its stake in CI&T by 74.5% in the second quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after acquiring an additional 210,370 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in CI&T by 90.4% in the second quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after purchasing an additional 180,800 shares during the last quarter. Hedge funds and other institutional investors 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.