CI&T (NYSE:CINT) at JPMorgan Chase & Co. downgraded to Neutral

CI&T (NYSE:CINT – Rating Received) was downgraded from “overweight” to “neutral” by equity analysts at JPMorgan Chase & Co. in a research note published Thursday, reports The Fly. They currently have a price target of $9.00 on the stock, which is below their previous price target of $10.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 26.40% from the stock’s previous close.

CI&T retail down 4.0%

CINT stock opened at $7.12 on Thursday. The company has a debt to equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 1.46. CI&T has a 52-week low of $6.41 and a 52-week high of $19.08. The stock’s 50-day simple moving average is $8.08 and its 200-day simple moving average is $9.99.

CI&T (NYSE:CINT – Get Rating) last announced its quarterly earnings data on Thursday, November 17th. The company reported earnings per share of $0.10 for the quarter, beating the consensus estimate of $0.07 by $0.03. The company posted revenue of $106.72 million for the quarter, compared to analysts’ expectations of $107.26 million. Equity analysts are predicting that CI&T will post 0.31 EPS for the year to date.

Institutional investors rely on CI&T

Institutional investors and hedge funds have recently changed their stock holdings. WCM Investment Management LLC increased its stake in CI&T shares by 2.5% in the third quarter. WCM Investment Management LLC now owns 1,811,818 shares of the company’s shares valued at $18,082,000 after purchasing an additional 43,665 shares during the period. Grandeur Peak Global Advisors LLC increased its stake in CI&T stock by 3.4% during the first quarter. Grandeur Peak Global Advisors LLC now owns 1,497,215 shares of the Company valued at $23,985,000 after purchasing an additional 48,985 shares last quarter. Price T Rowe Associates Inc. MD increased its stake in CI&T by 0.7% during the third quarter. Price T Rowe Associates Inc. MD now owns 1,362,842 shares of the company’s stock valued at $12,798,000 after purchasing an additional 9,881 shares last quarter. Bank of The West acquired a new stake in CI&T stock valued at approximately $8,953,000 during the third quarter. Finally, Mondrian Investment Partners LTD increased its stake in CI&T by 47.5% during the third quarter. Mondrian Investment Partners LTD now owns 566,567 shares of the company’s stock valued at $5,320,000 after acquiring an additional 182,367 shares during the last quarter. Hedge funds and other institutional investors own 12.05% of the company’s shares.

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CI&T Company Profile

(received rating)

CI&T Inc, along with its subsidiaries, provides strategy, design and software development services to enable digital transformation for businesses worldwide. It develops customizable software by implementing software solutions including machine learning, artificial intelligence, analytics, and cloud and mobility technologies.

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