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

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

CINT has been the subject of several other research reports. TD Cowen initiated coverage on shares of CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. Canaccord Genuity Group lifted their price target on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, UBS Group increased their target price on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CI&T presently has a consensus rating of “Moderate Buy” and an average target price of $7.92.

CI&T Trading Down 1.0 %

NYSE CINT opened at $6.89 on Monday. 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 company has a 50-day simple moving average of $6.42 and a 200-day simple moving average of $6.63. The firm has a market capitalization of $926.49 million, a PE ratio of 53.03 and a beta of 1.19. CI&T has a one year low of $3.34 and a one year high of $8.04.

Institutional Investors Weigh In On CI&T

A number of institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of CI&T in the third quarter valued at about $108,000. Verde Servicos Internacionais S.A. acquired a new position in shares of CI&T during the 4th quarter worth approximately $152,000. GSA Capital Partners LLP lifted its stake in CI&T by 12.5% in 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 increased its position 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 buying an additional 15,083 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after buying an additional 65,457 shares during the period. 92.45% of the stock is 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.