CI&T (NYSE:CINT) Upgraded by UBS Group to Strong-Buy Rating

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

A number of other equities analysts have also weighed in on CINT. Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Zacks Research lowered shares of CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. dropped their target price on CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Canaccord Genuity Group decreased their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $7.20.

CI&T Stock Up 3.8%

CINT opened at $4.75 on Wednesday. CI&T has a twelve month low of $3.98 and a twelve month high of $8.00. The company’s 50-day moving average price is $4.50 and its two-hundred day moving average price is $4.96. The stock has a market cap of $639.06 million, a price-to-earnings ratio of 17.57 and a beta of 1.15. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a return on equity of 12.42% and a net margin of 7.83%.The company had revenue of $127.31 million during the quarter, compared to the consensus estimate of $673.11 million. As a group, equities analysts expect that CI&T will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On CI&T

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new position in shares of CI&T during the 3rd quarter worth approximately $56,000. Wedbush Securities Inc. bought a new stake in CI&T in the third quarter worth $58,000. Russell Investments Group Ltd. raised its holdings in CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares during the last quarter. Centiva Capital LP bought a new stake in shares of CI&T during the third quarter valued at approximately $72,000. Finally, Nipun Capital L.P. purchased a new position in CI&T in the 2nd quarter worth approximately $111,000. 92.45% of the stock is currently owned by institutional investors.

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.