CI&T (NYSE:CINT) Raised to Strong-Buy at Wedbush

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

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group raised their target price on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. TD Cowen assumed coverage on CI&T in a report on Friday, December 6th. They set a “buy” rating and a $9.00 price objective on the stock. Finally, UBS Group upped their target price on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CI&T currently has a consensus rating of “Moderate Buy” and an average target price of $7.92.

CI&T Stock Up 2.5 %

Shares of NYSE CINT opened at $7.05 on Monday. The company has a market cap of $947.86 million, a price-to-earnings ratio of 54.25 and a beta of 1.19. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04. The stock has a 50-day moving average price of $6.42 and a two-hundred day moving average price of $6.64.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP increased its holdings in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after acquiring an additional 2,995 shares during the period. State Street Corp increased its stake in CI&T by 28.8% in the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after acquiring an additional 15,083 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of CI&T in the 3rd quarter valued at about $108,000. Verde Servicos Internacionais S.A. purchased a new position in shares of CI&T during the fourth quarter worth about $152,000. Finally, WCM Investment Management LLC raised its position in shares of CI&T by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after buying an additional 45,574 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 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.