CI&T Inc. (NYSE:CINT) Receives $7.92 Consensus Target Price from Analysts

Shares of CI&T Inc. (NYSE:CINT) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat Ratings 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 12-month target price among brokerages that have covered the stock in the last year is $7.92.

CINT has been the topic of several research reports. Canaccord Genuity Group upped their price target on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. TD Cowen began coverage on shares of CI&T in a research report on Friday, December 6th. They set a “buy” rating and a $9.00 target price on the stock. Wedbush upgraded shares of CI&T to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, UBS Group increased their price objective on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th.

Institutional Trading of CI&T

A number of large investors have recently made changes to their positions in CINT. Bank of New York Mellon Corp bought a new stake in CI&T during the 4th quarter worth approximately $3,036,000. WCM Investment Management LLC increased its position in shares of CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after acquiring an additional 45,574 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new stake in CI&T in the 4th quarter valued at $152,000. Virtu Financial LLC acquired a new position in CI&T in the 3rd quarter worth $108,000. Finally, State Street Corp increased its holdings in 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 in the last quarter. Institutional investors own 92.45% of the company’s stock.

CI&T Stock Down 1.9 %

NYSE:CINT opened at $7.50 on Friday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 57.68 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s fifty day moving average price is $6.47 and its two-hundred day moving average price is $6.68. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04.

About CI&T

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.