CI&T (NYSE:CINT) Raised to “Strong-Buy” at UBS Group

CI&T (NYSE:CINT) was upgraded by investment analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Zacks Research downgraded CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. decreased their target price on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Canaccord Genuity Group dropped 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. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $7.20.

CI&T Trading Up 3.8%

Shares of NYSE CINT opened at $4.75 on Wednesday. The firm has a 50 day moving average price of $4.50 and a two-hundred day moving average price of $4.96. The stock has a market cap of $639.06 million, a P/E ratio of 17.57 and a beta of 1.15. CI&T has a 52-week low of $3.98 and a 52-week high of $8.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $127.31 million for the quarter, compared to analyst estimates of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. As a group, equities analysts forecast that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

Several institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new position in shares of CI&T during the third quarter valued at about $56,000. Wedbush Securities Inc. purchased a new position in shares of CI&T in the 3rd quarter worth approximately $58,000. Russell Investments Group Ltd. grew its holdings in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after acquiring an additional 7,456 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of CI&T during the third quarter valued at approximately $72,000. Finally, Nipun Capital L.P. bought a new stake in CI&T during the second quarter worth $111,000. Institutional investors own 92.45% of the company’s stock.

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.