CI&T (NYSE:CINT) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of CI&T (NYSE:CINT) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

CINT has been the subject of a number of other research reports. Wedbush downgraded shares of CI&T from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. UBS Group increased their price target on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a report on Tuesday, May 12th. TD Cowen lowered their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.41.

CI&T Stock Up 0.4%

CI&T stock opened at $3.29 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37. CI&T has a 52-week low of $3.03 and a 52-week high of $5.88. The firm has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $4.31. The firm has a market cap of $443.31 million, a price-to-earnings ratio of 10.63 and a beta of 0.81.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). CI&T had a return on equity of 13.19% and a net margin of 7.90%.The firm had revenue of $136.61 million during the quarter, compared to analyst estimates of $133.28 million. Equities analysts predict that CI&T will post 0.33 EPS for the current year.

Institutional Trading of CI&T

Several hedge funds have recently modified their holdings of the stock. GMT Capital Corp bought a new position in CI&T during the fourth quarter worth $1,786,000. Royce & Associates LP increased its stake in CI&T by 69.7% in the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after purchasing an additional 364,696 shares in the last quarter. Merit Financial Group LLC bought a new stake in CI&T in the fourth quarter valued at $204,000. R Squared Ltd acquired a new position in shares of CI&T during the fourth quarter valued at about $113,000. Finally, Squarepoint Ops LLC acquired a new position in shares of CI&T during the third quarter valued at about $111,000. 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.