Zacks Research Upgrades CI&T (NYSE:CINT) to “Strong-Buy”

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

Several other brokerages have also issued reports on CINT. Weiss Ratings reissued a “hold (c)” rating on shares of CI&T in a research report on Wednesday, October 8th. UBS Group decreased their target price on CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Tuesday, July 22nd. Wall Street Zen raised CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $8.00 target price on shares of CI&T in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CI&T currently has a consensus rating of “Buy” and an average price target of $7.80.

CI&T Trading Up 4.1%

NYSE CINT opened at $4.61 on Monday. CI&T has a fifty-two week low of $3.98 and a fifty-two week high of $8.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day simple moving average of $5.06 and a two-hundred day simple moving average of $5.46. The stock has a market cap of $621.28 million, a P/E ratio of 19.22 and a beta of 1.15.

CI&T (NYSE:CINT) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a return on equity of 11.34% and a net margin of 7.27%.The business had revenue of $116.32 million during the quarter, compared to analysts’ expectations of $659.84 million. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in CI&T during the 1st quarter valued at approximately $62,000. Russell Investments Group Ltd. increased its position in CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares in the last quarter. Walleye Capital LLC bought a new position in CI&T during the 1st quarter valued at approximately $103,000. Nipun Capital L.P. bought a new position in CI&T during the 2nd quarter valued at approximately $111,000. Finally, Jane Street Group LLC bought a new position in CI&T during the 1st quarter valued at approximately $163,000. Institutional investors own 92.45% of the company’s stock.

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.