CI&T (NYSE:CINT) Upgraded by Wedbush to “Strong-Buy” Rating

CI&T (NYSE:CINT) was upgraded by equities researchers at Wedbush to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on CINT. Canaccord Genuity Group increased their target price on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. TD Cowen began coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, UBS Group lifted their price target on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CI&T has a consensus rating of “Moderate Buy” and a consensus target price of $7.92.

CI&T Trading Down 1.0 %

NYSE CINT opened at $6.89 on Monday. The company has a market cap of $926.49 million, a P/E ratio of 53.03 and a beta of 1.19. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04. The company has a 50-day moving average of $6.42 and a 200-day moving average of $6.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC boosted its holdings in CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after acquiring an additional 45,574 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in CI&T in the 4th quarter worth $152,000. Virtu Financial LLC purchased a new stake in CI&T in the third quarter worth about $108,000. State Street Corp increased its holdings in CI&T by 28.8% in the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after buying an additional 15,083 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after buying an additional 2,995 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.