CI&T (NYSE:CINT) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of CI&T (NYSE:CINT) from a buy rating to a hold rating in a report published on Sunday.

A number of other equities analysts have also issued reports on CINT. Canaccord Genuity Group lowered their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. decreased their price target on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. UBS Group set a $7.00 price objective on shares of CI&T and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Finally, Zacks Research cut shares of CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.20.

CI&T Price Performance

Shares of CINT opened at $4.42 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40. CI&T has a 1-year low of $3.98 and a 1-year high of $8.00. The stock has a market cap of $595.29 million, a PE ratio of 16.37 and a beta of 1.15. The firm has a fifty day moving average price of $4.51 and a 200 day moving average price of $4.91.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $127.31 million during the quarter, compared to analyst estimates of $673.11 million. CI&T had a net margin of 7.83% and a return on equity of 12.42%. As a group, sell-side analysts anticipate that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

A number of institutional investors have recently added to or reduced their stakes in CINT. Cubist Systematic Strategies LLC raised its stake in shares of CI&T by 93.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after buying an additional 17,601 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of CI&T by 551.2% in the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares in the last quarter. Jane Street Group LLC acquired a new position in CI&T during the first quarter worth $163,000. Acadian Asset Management LLC raised its position in CI&T by 47.7% in the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after acquiring an additional 29,200 shares in the last quarter. Finally, Herald Investment Management Ltd lifted its holdings in CI&T by 26.8% in the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock valued at $2,682,000 after acquiring an additional 95,000 shares during the period. 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.