CI&T (NYSE:CINT) Upgraded to Strong-Buy at Wedbush

Wedbush upgraded shares of CI&T (NYSE:CINT) to a strong-buy rating in a research note issued to investors on Thursday, Zacks.com reports.

CINT has been the subject of a number of other research reports. Canaccord Genuity Group raised shares of CI&T from a hold rating to a buy rating and upped their price objective for the company from $5.00 to $6.00 in a research note on Thursday. Canaccord Genuity Group raised shares of CI&T from a hold rating to a buy rating and raised their price objective for the stock from $5.00 to $6.00 in a report on Thursday. Citigroup reduced their price target on shares of CI&T from $4.50 to $4.25 and set a neutral rating on the stock in a research report on Monday, April 22nd. Finally, UBS Group started coverage on shares of CI&T in a research report on Tuesday, May 14th. They set a neutral rating and a $4.20 price target on the stock. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CI&T currently has an average rating of Moderate Buy and a consensus target price of $5.37.

CI&T Stock Up 15.2 %

CI&T stock traded up $0.60 during mid-day trading on Thursday, reaching $4.55. The stock had a trading volume of 334,219 shares, compared to its average volume of 108,084. The stock’s 50-day simple moving average is $4.04 and its 200-day simple moving average is $4.56. The firm has a market capitalization of $611.57 million, a PE ratio of 25.28 and a beta of 1.03. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $7.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.00 and a current ratio of 1.82.

CI&T (NYSE:CINT) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $107.56 million. CI&T had a return on equity of 14.03% and a net margin of 6.03%. On average, sell-side analysts forecast that CI&T will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

A number of hedge funds have recently modified their holdings of CINT. Herald Investment Management Ltd acquired a new stake in CI&T in the third quarter valued at $2,304,000. Russell Investments Group Ltd. raised its position in CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after acquiring an additional 7,047 shares in the last quarter. Banco BTG Pactual S.A. raised its holdings in CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after buying an additional 10,000 shares during the period. BW Gestao de Investimentos Ltda. grew its stake in CI&T by 168.7% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after acquiring an additional 666,212 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in CI&T by 4.4% during the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after purchasing an additional 58,489 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.