Wedbush Begins Coverage on CI&T (NYSE:CINT)

Wedbush started coverage on shares of CI&T (NYSE:CINT) in a report issued on Friday morning, Marketbeat reports. The firm issued an outperform rating and a $5.00 target price on the stock.

Several other research analysts have also issued reports on the stock. Citigroup cut their target price on shares of CI&T from $4.50 to $4.25 and set a neutral rating for the company in a research report on Monday, April 22nd. Canaccord Genuity Group upgraded shares of CI&T from a hold rating to a buy rating and upped their target price for the stock from $5.00 to $6.00 in a research report on Thursday. Canaccord Genuity Group upgraded shares of CI&T from a hold rating to a buy rating and upped their price target for the company from $5.00 to $6.00 in a research report on Thursday. Finally, UBS Group initiated 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 for the company. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CI&T presently has an average rating of Moderate Buy and an average target price of $5.37.

CI&T Stock Up 15.2 %

Shares of NYSE:CINT opened at $4.55 on Friday. CI&T has a 52-week low of $3.34 and a 52-week high of $7.20. The firm has a fifty day moving average of $4.04 and a 200 day moving average of $4.55. The firm has a market capitalization of $611.57 million, a PE ratio of 25.28 and a beta of 1.03. 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 announced its earnings results on Thursday, March 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 6.03% and a return on equity of 14.03%. The company had revenue of $105.50 million during the quarter, compared to analyst estimates of $107.56 million. As a group, research analysts anticipate that CI&T will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

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

About CI&T

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.