UBS Group Cuts CI&T (NYSE:CINT) Price Target to $6.20

CI&T (NYSE:CINT) had its price objective decreased by UBS Group from $7.20 to $6.20 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 86.19% from the stock’s current price.

CINT has been the topic of several other research reports. Weiss Ratings downgraded shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. TD Cowen reduced their target price on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $4.00 in a research report on Tuesday, July 21st. Zacks Research lowered CI&T from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.30.

CI&T Trading Down 8.5%

Shares of CINT opened at $3.33 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.37. CI&T has a 1 year low of $3.03 and a 1 year high of $5.88. The company has a 50 day simple moving average of $3.53 and a two-hundred day simple moving average of $4.24. The firm has a market cap of $448.15 million, a P/E ratio of 10.76 and a beta of 0.81.

CI&T (NYSE:CINT) last released its earnings results on Tuesday, August 11th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 13.19% and a net margin of 7.90%.The company had revenue of $142.82 million during the quarter, compared to analysts’ expectations of $140.05 million. On average, equities analysts expect that CI&T will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new stake in shares of CI&T in the first quarter worth approximately $181,000. Lazard Asset Management LLC boosted its holdings in CI&T by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after acquiring an additional 6,171 shares during the period. R Squared Ltd grew its position in CI&T by 24.1% in the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after acquiring an additional 6,707 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in CI&T in the first quarter worth $60,000. Finally, XTX Topco Ltd purchased a new stake in CI&T in the fourth quarter worth $287,000. Hedge funds and other institutional investors 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.