CI&T Inc. (NYSE:CINT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.68.

CINT has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Canaccord Genuity Group lifted their price objective on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. TD Cowen assumed coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. UBS Group raised their price target on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group initiated coverage on CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price objective for the company.

Institutional Investors Weigh In On CI&T

A number of institutional investors have recently made changes to their positions in CINT. XTX Topco Ltd bought a new stake in CI&T in the second quarter worth $76,000. Virtu Financial LLC purchased a new position in shares of CI&T in the third quarter worth about $108,000. GSA Capital Partners LLP lifted its stake in shares of CI&T by 12.5% in the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after acquiring an additional 2,995 shares during the last quarter. State Street Corp lifted its stake 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 valued at $458,000 after acquiring an additional 15,083 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in CI&T by 245.6% during the 2nd 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. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Trading Up 2.0 %

Shares of CINT opened at $6.01 on Friday. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The stock has a market cap of $807.82 million, a PE ratio of 46.23 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $6.80 and its 200-day moving average price is $6.35.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.