CI&T (NYSE:CINT) Upgraded to “Strong-Buy” at Wedbush

CI&T (NYSE:CINT) was upgraded by equities research analysts at Wedbush to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also commented on CINT. UBS Group boosted their price target on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Canaccord Genuity Group lifted their price objective on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, TD Cowen initiated coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price target on the stock. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CI&T currently has a consensus rating of “Moderate Buy” and an average price target of $7.92.

CI&T Stock Down 1.0 %

Shares of NYSE:CINT opened at $6.89 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $6.42 and a 200 day moving average price of $6.63. The company has a market cap of $926.49 million, a price-to-earnings ratio of 53.03 and a beta of 1.19. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in CI&T in the third quarter worth approximately $108,000. Verde Servicos Internacionais S.A. bought a new position in shares of CI&T during the fourth quarter valued at approximately $152,000. GSA Capital Partners LLP raised its stake in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after acquiring an additional 2,995 shares during the period. State Street Corp raised its stake in CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after buying an additional 15,083 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after buying an additional 65,457 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Company Profile

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.