CI&T (NYSE:CINT) Upgraded to “Strong-Buy” at Wedbush

Wedbush upgraded shares of CI&T (NYSE:CINT) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. UBS Group lifted their price target on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, TD Cowen began coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. Four equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.92.

CI&T Price Performance

Shares of CINT opened at $6.89 on Monday. The firm has a market cap of $926.49 million, a PE ratio of 53.03 and a beta of 1.19. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The business’s 50 day moving average price is $6.42 and its two-hundred day moving average price is $6.63.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in CI&T in the 3rd quarter valued at about $108,000. Verde Servicos Internacionais S.A. bought a new position in shares of CI&T in the fourth quarter valued at approximately $152,000. GSA Capital Partners LLP increased its position in shares of CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after acquiring an additional 2,995 shares during the last quarter. State Street Corp lifted its holdings in CI&T by 28.8% during the third 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 period. Finally, Marshall Wace LLP boosted its position in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

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.