CI&T (NYSE:CINT) Given New $8.00 Price Target at JPMorgan Chase & Co.

CI&T (NYSE:CINT) had its target price lifted by JPMorgan Chase & Co. from $7.00 to $8.00 in a research note published on Friday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the company. Wedbush started coverage on CI&T in a report on Friday, May 24th. They set an outperform rating and a $5.00 target price on the stock. UBS Group began coverage on CI&T in a research note on Tuesday, May 14th. They set a neutral rating and a $4.20 price objective on the stock. Canaccord Genuity Group upgraded CI&T from a hold rating to a buy rating and lifted their price objective for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Canaccord Genuity Group upped their target price on shares of CI&T from $6.00 to $9.00 and gave the company a buy rating in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group began coverage on shares of CI&T in a report on Wednesday, September 4th. They set a neutral rating and a $7.30 price target for the company. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CI&T presently has a consensus rating of Moderate Buy and an average price target of $7.00.

CI&T Stock Performance

NYSE CINT opened at $6.80 on Friday. The business’s 50 day moving average is $6.27 and its two-hundred day moving average is $5.00. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04. The stock has a market capitalization of $913.99 million, a price-to-earnings ratio of 37.78 and a beta of 1.15. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The company had revenue of $100.45 million for the quarter, compared to analyst estimates of $104.75 million. Research analysts expect that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently modified their holdings of CINT. Marshall Wace LLP raised its stake in CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of CI&T during the 2nd quarter worth $2,264,000. XTX Topco Ltd purchased a new position in shares of CI&T in the 2nd quarter worth $76,000. BW Gestao de Investimentos Ltda. raised its position in shares of CI&T by 101.1% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after buying an additional 1,073,302 shares during the period. Finally, Banco BTG Pactual S.A. boosted its holdings in CI&T by 23.0% in the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after acquiring an additional 10,000 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.