Canaccord Genuity Group Boosts CI&T (NYSE:CINT) Price Target to $10.00

CI&T (NYSE:CINT) had its target price upped by analysts at Canaccord Genuity Group from $9.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 50.15% from the stock’s current price.

CINT has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Citigroup upped their target price on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group initiated coverage on shares of CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target for the company. Finally, Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.11.

CI&T Stock Up 3.4 %

Shares of CI&T stock opened at $6.66 on Monday. The stock’s fifty day moving average is $6.89 and its 200-day moving average is $5.95. The firm has a market capitalization of $895.18 million, a PE ratio of 51.23 and a beta of 1.16. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04.

Hedge Funds Weigh In On CI&T

Several institutional investors have recently bought and sold shares of CINT. BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 101.1% in the second quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after buying an additional 1,073,302 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of CI&T during the 2nd quarter worth $2,264,000. Marshall Wace LLP boosted its holdings in shares of CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after buying an additional 65,457 shares during the period. State Street Corp boosted its holdings in shares of CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after buying an additional 15,083 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of CI&T during the 2nd quarter worth $76,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

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.