JPMorgan Chase & Co. Cuts CI&T (NYSE:CINT) Price Target to $6.00

CI&T (NYSE:CINT) had its price target trimmed by JPMorgan Chase & Co. from $7.00 to $6.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also weighed in on CINT. UBS Group set a $7.00 price objective on shares of CI&T and gave the company a “buy” rating in a report on Wednesday, January 14th. Zacks Research downgraded CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. Finally, Canaccord Genuity Group cut their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.50.

CI&T Price Performance

Shares of NYSE CINT opened at $4.92 on Wednesday. CI&T has a fifty-two week low of $3.98 and a fifty-two week high of $7.50. The company has a market cap of $662.36 million, a PE ratio of 18.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40. The business has a 50-day simple moving average of $4.72 and a two-hundred day simple moving average of $4.82.

Institutional Trading of CI&T

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. purchased a new stake in CI&T in the 3rd quarter worth $56,000. Wedbush Securities Inc. purchased a new stake in shares of CI&T during the third quarter worth about $58,000. RPO LLC purchased a new stake in shares of CI&T during the fourth quarter worth 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 purchasing an additional 7,456 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in CI&T in the 3rd quarter valued at about $72,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.