CI&T (NYSE:CINT) Stock Rating Lowered by Zacks Research

CI&T (NYSE:CINT) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on CINT. Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. UBS Group decreased their price objective on shares of CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. cut their target price on CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of CI&T in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group cut their price target on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.47.

CI&T Stock Up 1.5%

NYSE CINT traded up $0.07 during trading on Tuesday, reaching $4.39. 24,887 shares of the company’s stock were exchanged, compared to its average volume of 174,204. The company has a 50 day moving average price of $4.79 and a two-hundred day moving average price of $5.38. The stock has a market cap of $590.57 million, a P/E ratio of 16.24 and a beta of 1.14. CI&T has a 1 year low of $3.98 and a 1 year high of $8.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40.

CI&T (NYSE:CINT) last issued 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). The business had revenue of $677.59 million for the quarter, compared to analyst estimates of $673.11 million. CI&T had a return on equity of 12.42% and a net margin of 7.83%. CI&T has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Millennium Management LLC raised its stake in CI&T by 119.0% during the third quarter. Millennium Management LLC now owns 70,780 shares of the company’s stock worth $365,000 after purchasing an additional 38,460 shares during the period. Citadel Advisors LLC raised its position in shares of CI&T by 34.1% in the 3rd quarter. Citadel Advisors LLC now owns 180,926 shares of the company’s stock worth $932,000 after buying an additional 46,031 shares during the period. Centiva Capital LP acquired a new position in CI&T during the third quarter valued at approximately $72,000. Ameriprise Financial Inc. purchased a new position in CI&T in the third quarter valued at about $113,000. Finally, Lazard Asset Management LLC lifted its position in CI&T by 65.4% during the 3rd quarter. Lazard Asset Management LLC now owns 68,409 shares of the company’s stock worth $352,000 after acquiring an additional 27,048 shares in the last quarter. 92.45% of the stock is currently owned by hedge funds and other 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.