Brokerages Set CI&T Inc. (NYSE:CINT) PT at $7.68

Shares of CI&T Inc. (NYSE:CINT) have received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.68.

A number of research firms have commented on CINT. UBS Group upped their target price on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. The Goldman Sachs Group initiated coverage on shares of CI&T in a report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price objective on the stock. Canaccord Genuity Group lifted 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. TD Cowen began coverage on CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 price target on the stock. Finally, JPMorgan Chase & Co. raised 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.

CI&T Stock Performance

Shares of CI&T stock opened at $6.19 on Friday. The firm has a market cap of $832.01 million, a PE ratio of 47.62 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. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The business’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $6.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in CI&T in the third quarter worth approximately $108,000. State Street Corp lifted its position 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 purchasing an additional 15,083 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares in the last quarter. Marshall Wace LLP increased its holdings in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after buying an additional 65,457 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in CI&T in the second quarter valued at $2,264,000. 92.45% of the stock is owned by institutional investors and hedge funds.

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.