Brokerages Set CI&T Inc. (NYSE:CINT) Target Price at $7.92

CI&T Inc. (NYSE:CINT) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $7.92.

A number of analysts have issued reports on CINT shares. TD Cowen started coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price target on the stock. UBS Group raised their target price on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group boosted their target price on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 18th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CINT. XTX Topco Ltd acquired a new stake in shares of CI&T in the second quarter worth $76,000. Virtu Financial LLC purchased a new stake in shares of CI&T in the third quarter worth about $108,000. GSA Capital Partners LLP grew its stake in shares of CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after buying an additional 2,995 shares in the last quarter. State Street Corp raised 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 valued at $458,000 after buying an additional 15,083 shares during the period. Finally, Marshall Wace LLP lifted its position in 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 acquiring an additional 65,457 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

CINT stock opened at $6.30 on Tuesday. The stock has a market capitalization of $846.78 million, a price-to-earnings ratio of 48.47 and a beta of 1.16. The stock’s fifty day simple moving average is $6.44 and its 200-day simple moving average is $6.51. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04. 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 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.