CI&T (NYSE:CINT) Rating Increased to Strong-Buy at Wedbush

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

CINT has been the topic of several other reports. Canaccord Genuity Group upgraded shares of CI&T from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $5.00 to $6.00 in a research report on Thursday. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and increased their target price for the stock from $5.00 to $6.00 in a research report on Thursday. UBS Group began coverage on shares of CI&T in a research report on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 price objective for the company. Finally, Citigroup reduced their target price on CI&T from $4.50 to $4.25 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.37.

CI&T Stock Performance

NYSE:CINT traded up $0.60 during trading hours on Thursday, hitting $4.55. 334,219 shares of the company were exchanged, compared to its average volume of 108,084. The company’s 50 day moving average price is $4.04 and its 200-day moving average price is $4.56. The stock has a market capitalization of $611.57 million, a price-to-earnings ratio of 25.28 and a beta of 1.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 2.00. CI&T has a 52-week low of $3.34 and a 52-week high of $7.20.

CI&T (NYSE:CINT) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 6.03% and a return on equity of 14.03%. The firm had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $107.56 million. As a group, research analysts forecast that CI&T will post 0.25 earnings per share for the current year.

Institutional Trading of CI&T

Several institutional investors and hedge funds have recently modified their holdings of CINT. Banco BTG Pactual S.A. boosted its holdings in shares of CI&T by 23.0% in the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after acquiring an additional 10,000 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after buying an additional 7,047 shares during the period. Herald Investment Management Ltd bought a new stake in shares of CI&T in the third quarter worth about $2,304,000. BW Gestao de Investimentos Ltda. grew its stake in shares of CI&T by 168.7% in the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after purchasing an additional 666,212 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of CI&T by 4.4% in the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after purchasing an additional 58,489 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.