CI&T (NYSE:CINT) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of CI&T (NYSE:CINT) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

CINT has been the subject of several other research reports. Canaccord Genuity Group decreased their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. reduced their target price on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. UBS Group dropped their price target on shares of CI&T from $8.00 to $6.80 and set a “neutral” rating on the stock in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of CI&T in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, CI&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.47.

CI&T Stock Performance

NYSE CINT traded up $0.13 during trading hours on Tuesday, reaching $4.45. 14,379 shares of the company were exchanged, compared to its average volume of 174,163. The stock has a market capitalization of $598.65 million, a P/E ratio of 16.46 and a beta of 1.14. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. CI&T has a 1 year low of $3.98 and a 1 year high of $8.00. The business’s 50 day simple moving average is $4.79 and its 200-day simple moving average is $5.38.

CI&T (NYSE:CINT) last released its earnings results on Wednesday, November 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $677.59 million for the quarter, compared to the consensus estimate of $673.11 million. CI&T had a net margin of 7.83% and a return on equity of 12.42%. CI&T has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that CI&T will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently bought and sold shares of CINT. BW Gestao de Investimentos Ltda. grew its stake in CI&T by 9.2% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after buying an additional 242,811 shares in the last quarter. JPMorgan Chase & Co. increased its stake in CI&T by 24,544.5% in the second quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock valued at $8,720,000 after acquiring an additional 1,454,751 shares during the last quarter. Royce & Associates LP bought a new position in CI&T in the third quarter valued at $2,696,000. Aberdeen Group plc raised its position in CI&T by 74.5% during the second quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after purchasing an additional 210,370 shares in the last quarter. Finally, Herald Investment Management Ltd boosted its holdings in shares of CI&T by 26.8% in the 2nd quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock worth $2,682,000 after purchasing an additional 95,000 shares in the last quarter. 92.45% of the stock is currently 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.