CI&T (NYSE:CINT) Upgraded at JPMorgan Chase & Co.

CI&T (NYSE:CINT) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday,Benzinga reports. The firm presently has a $7.00 target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 13.86% from the stock’s current price.

Several other equities research analysts have also recently commented on CINT. Cowen reissued a “buy” rating on shares of CI&T in a research note on Wednesday. Wedbush set a $9.00 target price on CI&T in a research note on Monday, February 3rd. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 target price on shares of CI&T in a research note on Monday, March 17th. Finally, Citigroup initiated coverage on CI&T in a research note on Friday, April 25th. They issued a “buy” rating and a $7.00 target price for the company. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.14.

CI&T Trading Down 4.5%

CINT stock opened at $6.15 on Monday. The business has a fifty day moving average price of $5.71 and a 200 day moving average price of $6.35. CI&T has a fifty-two week low of $3.39 and a fifty-two week high of $8.04. The stock has a market capitalization of $828.02 million, a price-to-earnings ratio of 47.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

CI&T (NYSE:CINT) last released its earnings results on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $110.88 million during the quarter, compared to analyst estimates of $111.48 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. During the same period last year, the business posted $0.30 earnings per share. Analysts expect that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

A number of large investors have recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in shares of CI&T in the first quarter worth about $62,000. Stifel Financial Corp bought a new position in CI&T in the 4th quarter valued at approximately $68,000. Walleye Capital LLC bought a new position in CI&T during the 1st quarter worth approximately $103,000. Two Sigma Investments LP bought a new position in CI&T during the 4th quarter worth approximately $111,000. Finally, Cubist Systematic Strategies LLC raised its holdings in CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock worth $114,000 after purchasing an additional 8,459 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.