CI&T (NYSE:CINT) Raised to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of CI&T (NYSE:CINT) from a buy rating to a strong-buy rating in a research report released on Saturday.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of CI&T from a “neutral” rating to an “overweight” rating and set a $7.00 price target on the stock in a report on Monday, May 19th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.00 price target (down previously from $10.00) on shares of CI&T in a report on Thursday, June 26th. Citigroup initiated coverage on shares of CI&T in a report on Friday, April 25th. They set a “buy” rating and a $7.00 price target on the stock. Finally, Cowen reaffirmed a “buy” rating on shares of CI&T in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CI&T has a consensus rating of “Buy” and an average target price of $8.16.

CI&T Stock Up 3.2%

NYSE:CINT opened at $6.07 on Friday. The firm has a market cap of $817.51 million, a P/E ratio of 30.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.55 and a current ratio of 1.55. CI&T has a fifty-two week low of $4.42 and a fifty-two week high of $8.04. The firm has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $6.18.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $110.88 million for the quarter, compared to analysts’ expectations of $111.48 million. CI&T had a net margin of 6.30% and a return on equity of 9.48%. During the same period in the previous year, the business earned $0.30 EPS. Analysts predict that CI&T will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new position in shares of CI&T in the first quarter worth approximately $62,000. Stifel Financial Corp purchased a new position in CI&T during the fourth quarter valued at approximately $68,000. Walleye Capital LLC purchased a new position in CI&T during the first quarter valued at approximately $103,000. Two Sigma Investments LP purchased a new position in CI&T during the fourth quarter valued at approximately $111,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock valued at $114,000 after purchasing an additional 8,459 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About CI&T

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.