CI&T (NYSE:CINT) Upgraded by Wedbush to Strong-Buy Rating

Wedbush upgraded shares of CI&T (NYSE:CINT - Free Report) to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Several other research firms also recently issued reports on CINT. Canaccord Genuity Group upped their price objective on shares of CI&T from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Monday, November 18th. UBS Group upped their price target on shares of CI&T from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Finally, TD Cowen initiated coverage on CI&T in a research note on Friday, December 6th. They issued a "buy" rating and a $9.00 price objective on the stock. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.92.

CI&T Stock Performance

CI&T stock traded up $0.32 during trading hours on Monday, reaching $7.59. 324,341 shares of the company were exchanged, compared to its average volume of 95,950. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $6.44 and a 200 day moving average of $6.65. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 58.39 and a beta of 1.19.

Institutional Investors Weigh In On CI&T

A number of institutional investors have recently added to or reduced their stakes in CINT. State Street Corp lifted its position in shares of CI&T by 28.8% in the 3rd 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. GSA Capital Partners LLP lifted its position in CI&T by 12.5% in the third 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 during the period. Virtu Financial LLC acquired a new stake in CI&T during the third quarter worth $108,000. Verde Servicos Internacionais S.A. bought a new stake in CI&T in the 4th quarter valued at $152,000. Finally, Marshall Wace LLP raised its stake in shares of CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company's stock valued at $479,000 after buying an additional 65,457 shares in the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

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.