Fintel reports that on May 24, 2024, Wedbush initiated coverage of CI&T (NYSE:CINT) with a Outperform recommendation.
Analyst Price Forecast Suggests 15.70% Upside
As of May 22, 2024, the average one-year price target for CI&T is 5.26. The forecasts range from a low of 4.04 to a high of $8.40. The average price target represents an increase of 15.70% from its latest reported closing price of 4.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for CI&T is 3,642MM, an increase of 69.63%. The projected annual non-GAAP EPS is 3.14.
What is the Fund Sentiment?
There are 43 funds or institutions reporting positions in CI&T. This is an decrease of 10 owner(s) or 18.87% in the last quarter. Average portfolio weight of all funds dedicated to CINT is 0.09%, an increase of 85.78%. Total shares owned by institutions decreased in the last three months by 23.32% to 10,041K shares. 
The put/call ratio of CINT is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 2,192K shares representing 1.65% ownership of the company. In its prior filing, the firm reported owning 2,240K shares , representing a decrease of 2.19%. The firm decreased its portfolio allocation in CINT by 65.16% over the last quarter.
Wcm Investment Management holds 1,385K shares representing 1.04% ownership of the company. In its prior filing, the firm reported owning 1,327K shares , representing an increase of 4.22%. The firm decreased its portfolio allocation in CINT by 30.07% over the last quarter.
BW Gestao de Investimentos Ltda. holds 1,061K shares representing 0.80% ownership of the company. In its prior filing, the firm reported owning 395K shares , representing an increase of 62.78%. The firm increased its portfolio allocation in CINT by 95.17% over the last quarter.
Bank Of Montreal holds 752K shares representing 0.57% ownership of the company. No change in the last quarter.
Sagil Capital Llp holds 582K shares representing 0.44% ownership of the company. In its prior filing, the firm reported owning 50K shares , representing an increase of 91.35%. The firm increased its portfolio allocation in CINT by 763.79% over the last quarter.
CI&T Background Information
(This description is provided by the company.)
CI&T is a global digital specialist, a partner in end-to-end digital transformation for 50+ Large Enterprises & Fast Growth Clients. As digital natives, CI&T brings a 26-year track record of accelerating business impact through complete and scalable digital solutions. With a global presence in 8 countries with a nearshore delivery model, CI&T is the Employer of Choice for 5,000 professionals in strategy, data science, design, and engineering, unlocking top-line growth, improving customer experience and driving operational efficiency.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
