CI&T (NYSE:CINT) Price Target Lowered to $7.00 at JPMorgan Chase & Co.

CI&T (NYSE:CINT) had its target price cut by stock analysts at JPMorgan Chase & Co. from $8.00 to $7.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 54.02% from the company’s previous close.

CINT has been the subject of several other reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $8.00 price target on shares of CI&T in a report on Thursday, October 16th. Zacks Research upgraded shares of CI&T from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of CI&T in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $7.80.

CI&T Trading Down 1.4%

Shares of NYSE:CINT traded down $0.07 during mid-day trading on Thursday, reaching $4.55. 146,731 shares of the company were exchanged, compared to its average volume of 174,368. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $612.13 million, a price-to-earnings ratio of 18.94 and a beta of 1.14. The firm’s 50-day simple moving average is $4.87 and its 200 day simple moving average is $5.43. CI&T has a 1 year low of $3.98 and a 1 year high of $8.00.

CI&T (NYSE:CINT) last announced its earnings results on Wednesday, November 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). CI&T had a net margin of 7.27% and a return on equity of 11.34%. CI&T has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that CI&T will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

A number of institutional investors and hedge funds have recently made changes to their positions in CINT. Franklin Resources Inc. acquired a new position in shares of CI&T during the 3rd quarter worth about $56,000. Wedbush Securities Inc. bought a new position in CI&T in the third quarter worth approximately $58,000. Hsbc Holdings PLC acquired a new position in CI&T during the 1st quarter valued at about $62,000. Russell Investments Group Ltd. boosted its position in shares of CI&T by 176.3% during the second 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 during the last quarter. Finally, Walleye Capital LLC purchased a new stake in CI&T in the 1st quarter valued at $103,000. Institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

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.