CI&T (NYSE:CINT) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of CI&T (NYSE:CINT) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other research analysts have also weighed in on CINT. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.00 price objective (down previously from $10.00) on shares of CI&T in a research report on Thursday, June 26th. Citigroup began coverage on CI&T in a research note on Friday, April 25th. They set a “buy” rating and a $7.00 price objective for the company. UBS Group lowered their price objective on CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upgraded CI&T from a “neutral” rating to an “overweight” rating and set a $7.00 price objective for the company in a research note on Monday, May 19th. Finally, Cowen reiterated a “buy” rating on shares of CI&T in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CI&T has a consensus rating of “Moderate Buy” and an average price target of $8.01.

CI&T Stock Performance

CI&T stock opened at $5.35 on Friday. The stock’s 50 day simple moving average is $5.77 and its two-hundred day simple moving average is $6.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $719.86 million, a price-to-earnings ratio of 26.73 and a beta of 1.17. CI&T has a fifty-two week low of $4.42 and a fifty-two week high of $8.04.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $110.88 million for the quarter, compared to the consensus estimate of $111.48 million. CI&T had a net margin of 6.30% and a return on equity of 9.48%. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, analysts expect that CI&T will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aberdeen Group plc lifted its position in CI&T by 74.5% in the 2nd quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after acquiring an additional 210,370 shares in the last quarter. Herald Investment Management Ltd raised its stake in CI&T by 26.8% during the 2nd quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock valued at $2,682,000 after buying an additional 95,000 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in CI&T by 551.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares during the last quarter. Acadian Asset Management LLC raised its stake in CI&T by 47.7% during the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock valued at $531,000 after buying an additional 29,200 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in CI&T during the 1st quarter valued at $163,000. 92.45% of the stock is owned by institutional investors.

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.