Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $8.37

CI&T Inc. (NYSE:CINT) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $8.37.

A number of research analysts have weighed in on CINT shares. TD Cowen started coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. Canaccord Genuity Group upped 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. Wedbush set a $9.00 price target on CI&T in a research note on Monday, February 3rd. Finally, UBS Group lifted their target price on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th.

Hedge Funds Weigh In On CI&T

A number of large investors have recently modified their holdings of the company. Two Sigma Investments LP bought a new stake in CI&T during the 4th quarter worth approximately $111,000. Cubist Systematic Strategies LLC grew its position in shares of CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock valued at $114,000 after purchasing an additional 8,459 shares in the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in shares of CI&T by 20.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company’s stock worth $16,387,000 after purchasing an additional 464,529 shares during the period. Stifel Financial Corp purchased a new stake in shares of CI&T in the fourth quarter worth $68,000. Finally, Marshall Wace LLP boosted its stake in CI&T by 134.4% during the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock valued at $535,000 after buying an additional 50,543 shares during the period. 92.45% of the stock is currently owned by institutional investors.

CI&T Price Performance

Shares of NYSE:CINT opened at $6.94 on Wednesday. The company has a market capitalization of $932.82 million, a P/E ratio of 53.39 and a beta of 1.18. The company’s 50-day moving average is $6.76 and its 200 day moving average is $6.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.