CI&T (NYSE:CINT – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.
Other equities analysts have also issued research reports about the company. Wedbush lowered CI&T from an “outperform” rating to a “neutral” rating and cut their price target for the company from $7.00 to $4.00 in a research note on Tuesday, July 21st. TD Cowen lowered their price objective on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, UBS Group boosted their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a report on Tuesday, May 12th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.41.
Get Our Latest Analysis on CINT
CI&T Stock Up 0.4%
CI&T (NYSE:CINT – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). CI&T had a net margin of 7.90% and a return on equity of 13.19%. The firm had revenue of $136.61 million for the quarter, compared to the consensus estimate of $133.28 million. Sell-side analysts predict that CI&T will post 0.33 EPS for the current year.
Hedge Funds Weigh In On CI&T
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new position in CI&T in the third quarter worth about $56,000. Janney Montgomery Scott LLC bought a new position in shares of CI&T during the 1st quarter worth approximately $60,000. RPO LLC purchased a new stake in CI&T during the fourth quarter valued at approximately $60,000. Russell Investments Group Ltd. boosted its stake in CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after acquiring an additional 7,456 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in CI&T by 50.6% in the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after acquiring an additional 5,700 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.
About CI&T
CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.
Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.
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