CI&T (NYSE:CINT) Given New $6.00 Price Target at JPMorgan Chase & Co.

CI&T (NYSE:CINT) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 22.20% from the company’s current price.

Other research analysts have also issued reports about the stock. Zacks Research lowered shares of CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. UBS Group set a $7.00 price objective on CI&T and gave the company a “buy” rating in a research note on Wednesday, January 14th. Canaccord Genuity Group cut their target price 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, November 13th. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.50.

CI&T Stock Up 3.4%

CINT stock traded up $0.16 during midday trading on Wednesday, hitting $4.91. The company’s stock had a trading volume of 33,510 shares, compared to its average volume of 176,370. CI&T has a 52-week low of $3.98 and a 52-week high of $7.50. The firm has a 50-day simple moving average of $4.70 and a 200-day simple moving average of $4.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $661.28 million, a P/E ratio of 18.19 and a beta of 1.16.

Institutional Trading of CI&T

Several large investors have recently bought and sold shares of CINT. Franklin Resources Inc. acquired a new stake in shares of CI&T during the 3rd quarter valued at approximately $56,000. Wedbush Securities Inc. bought a new position in CI&T in the 3rd quarter worth about $58,000. Russell Investments Group Ltd. increased its position in CI&T by 176.3% in the 2nd 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 during the period. Centiva Capital LP bought a new stake in shares of CI&T during the third quarter valued at about $72,000. Finally, RPO LLC bought a new stake in shares of CI&T during the 4th quarter worth about $60,000. Institutional investors and hedge funds 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.