Zacks Research Downgrades CI&T (NYSE:CINT) to Strong Sell

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

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

CI&T Stock Up 0.4%

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

CI&T (NYSE:CINT) last released its 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 net margin of 7.90% and a return on equity of 13.19%. The company had revenue of $136.61 million during the quarter, compared to analyst estimates of $133.28 million. As a group, research analysts expect that CI&T will post 0.33 earnings per share for the current year.

Institutional Trading of CI&T

A number of institutional investors have recently modified their holdings of CINT. BW Gestao de Investimentos Ltda. grew its holdings in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after acquiring an additional 242,811 shares during the period. Royce & Associates LP lifted its holdings 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 acquiring an additional 364,696 shares during the period. GMT Capital Corp acquired a new stake in CI&T in the fourth quarter valued at $1,786,000. Marshall Wace LLP boosted its position in shares of CI&T by 90.4% during the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after purchasing an additional 180,800 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of CI&T by 34.1% during the 3rd quarter. Citadel Advisors LLC now owns 180,926 shares of the company’s stock worth $932,000 after purchasing an additional 46,031 shares in the last quarter. 92.45% of the stock is currently owned by hedge funds and other 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.