TD Cowen Begins Coverage on CI&T (NYSE:CINT)

Stock analysts at TD Cowen assumed coverage on shares of CI&T (NYSE:CINT) in a research note issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $9.00 price target on the stock. TD Cowen’s price target suggests a potential upside of 29.68% from the company’s current price.

Several other research analysts also recently weighed in on CINT. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Friday, August 16th. Canaccord Genuity Group boosted their price target on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Citigroup boosted their price target on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their price target on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group initiated coverage on CI&T in a research report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target for the company. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.30.

CI&T Trading Down 1.1 %

Shares of CINT stock opened at $6.94 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $932.81 million, a price-to-earnings ratio of 53.39 and a beta of 1.14. The stock has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $6.23. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04.

Institutional Trading of CI&T

Large investors have recently added to or reduced their stakes in the stock. BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 101.1% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after purchasing an additional 1,073,302 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of CI&T in the 2nd quarter valued at $2,264,000. Marshall Wace LLP lifted 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 purchasing an additional 65,457 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 purchasing an additional 15,083 shares during the last quarter. Finally, 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 purchasing an additional 2,995 shares during the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.