TD Cowen Cuts CI&T (NYSE:CINT) Price Target to $5.00

CI&T (NYSE:CINT) had its price objective cut by TD Cowen from $6.00 to $5.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on CINT. UBS Group reduced their price target on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research report on Wednesday. Wedbush lowered shares of CI&T from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $4.00 in a research note on Tuesday, July 21st. Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. decreased their target price on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Weiss Ratings downgraded shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.08.

CI&T Trading Down 0.6%

NYSE:CINT opened at $3.67 on Wednesday. The stock’s 50 day moving average price is $3.51 and its 200 day moving average price is $4.22. The company has a market capitalization of $493.77 million, a PE ratio of 12.65 and a beta of 0.81. The company has a quick ratio of 1.37, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. CI&T has a 52-week low of $3.03 and a 52-week high of $5.88.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $142.82 million during the quarter, compared to analysts’ expectations of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. On average, research analysts anticipate that CI&T will post 0.32 EPS for the current year.

Institutional Investors Weigh In On CI&T

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of CI&T by 6.4% during the 4th quarter. State Street Corp now owns 62,242 shares of the company’s stock worth $253,000 after buying an additional 3,719 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of CI&T by 45.7% in the 4th quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock valued at $65,000 after buying an additional 4,983 shares during the period. Wedbush Securities Inc. boosted its stake in shares of CI&T by 50.6% in the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after buying an additional 5,700 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of CI&T by 6.4% in the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after buying an additional 6,171 shares in the last quarter. Finally, R Squared Ltd grew its holdings in CI&T by 24.1% during the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after acquiring an additional 6,707 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.