CI&T (NYSE:CINT) Shares Up 5.8% After Analyst Upgrade

CI&T Inc. (NYSE:CINT) shares traded up 5.8% during mid-day trading on Thursday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $5.74 and last traded at $5.6690. Approximately 78,884 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 148,639 shares. The stock had previously closed at $5.36.

CINT has been the topic of a number of other research reports. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. UBS Group boosted their target price on CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research downgraded CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Canaccord Genuity Group increased their price target on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.78.

Hedge Funds Weigh In On CI&T

A number of institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. acquired a new stake in CI&T in the third quarter valued at $56,000. Wedbush Securities Inc. acquired a new position in shares of CI&T during the 3rd quarter worth about $58,000. RPO LLC purchased a new position in shares of CI&T in the 4th quarter valued at about $60,000. Russell Investments Group Ltd. raised its position in shares of CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after acquiring an additional 7,456 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of CI&T during the 3rd quarter worth about $72,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Performance

The firm has a 50 day moving average of $4.91 and a two-hundred day moving average of $4.81. The stock has a market cap of $729.29 million, a PE ratio of 18.05 and a beta of 1.15. 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 Company Profile

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.