CI&T (NYSE:CINT) Raised to “Strong-Buy” at Wedbush

CI&T (NYSE:CINT) was upgraded by Wedbush to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on CINT. TD Cowen initiated coverage on CI&T in a report on Friday, December 6th. They set a “buy” rating and a $9.00 price objective on the stock. UBS Group increased their price objective on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group boosted their target price on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.92.

CI&T Trading Up 2.5 %

CI&T stock opened at $7.05 on Monday. The company has a 50 day moving average price of $6.42 and a 200 day moving average price of $6.64. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The firm has a market capitalization of $947.86 million, a price-to-earnings ratio of 54.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58.

Institutional Investors Weigh In On CI&T

A number of large investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC increased its stake in shares of CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after purchasing an additional 45,574 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of CI&T during the fourth quarter worth $3,036,000. Marshall Wace LLP boosted its position in shares of 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 acquiring an additional 65,457 shares during the period. 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 acquiring an additional 15,083 shares during the period. Finally, GSA Capital Partners LLP raised its stake in CI&T by 12.5% in the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

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.