Zacks Research Upgrades CI&T (NYSE:CINT) to “Hold”

CI&T (NYSE:CINT) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research firms have also recently issued reports on CINT. UBS Group cut their target price on CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. reduced their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. TD Cowen decreased their price objective on CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.08.

CI&T Price Performance

CINT opened at $3.04 on Monday. The company has a market capitalization of $409.53 million, a P/E ratio of 10.49 and a beta of 0.81. The company has a 50-day moving average of $3.39 and a 200-day moving average of $3.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. CI&T has a 1-year low of $2.80 and a 1-year high of $5.80.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The firm had revenue of $142.82 million during the quarter, compared to the consensus estimate of $140.05 million. Equities analysts expect that CI&T will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

A number of large investors have recently made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of CI&T by 69.7% during the 4th quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after buying an additional 364,696 shares during the period. GMT Capital Corp acquired a new position in shares of CI&T in the fourth quarter worth $1,786,000. Beacon Hill Wealth Management LTD. acquired a new position in shares of CI&T in the second quarter worth $617,000. Lazard Asset Management LLC raised its holdings in shares of CI&T by 6.4% during the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock worth $521,000 after acquiring an additional 6,171 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in CI&T during the first quarter valued at $181,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.

The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.