Zacks Research upgraded shares of CI&T (NYSE:CINT – Free Report) from a strong sell rating to a hold rating in a research note released on Monday,Zacks reports.
Several other equities research analysts also recently weighed in on CINT. UBS Group cut their price objective on CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $4.00 in a research report on Tuesday, July 21st. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. TD Cowen cut their price target on CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their price target on CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.08.
Read Our Latest Report on CI&T
CI&T Price Performance
CI&T (NYSE:CINT – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $142.82 million during the quarter, compared to analyst estimates of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. Research analysts anticipate that CI&T will post 0.31 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new stake in shares of CI&T in the second quarter valued at about $43,000. Beacon Hill Wealth Management LTD. acquired a new position in shares of CI&T in the second quarter worth approximately $617,000. AXQ Capital LP bought a new stake in CI&T in the second quarter valued at approximately $74,000. Wedbush Securities Inc. boosted its holdings in CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after acquiring an additional 22,525 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in CI&T in the first quarter valued at approximately $181,000. 92.45% of the stock is owned by institutional investors and hedge funds.
CI&T Company Profile
CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.
The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.
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