CI&T Inc. (NYSE:CINT) Receives Consensus Rating of “Moderate Buy” from Brokerages

CI&T Inc. (NYSE:CINT) has received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $7.11.

CINT has been the topic of a number of research reports. Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a report on Friday, August 16th. Canaccord Genuity Group boosted their target price on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Citigroup lifted their target price on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group began coverage on CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price target on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th.

Institutional Investors Weigh In On CI&T

Several large investors have recently made changes to their positions in CINT. GSA Capital Partners LLP raised its position in 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 buying an additional 2,995 shares during the last quarter. XTX Topco Ltd acquired a new stake in CI&T in the second quarter valued at $76,000. State Street Corp grew its position 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 acquiring an additional 15,083 shares during the period. Virtu Financial LLC acquired a new position in shares of CI&T during the 3rd quarter worth about $108,000. Finally, Marshall Wace LLP raised its holdings 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 period. Institutional investors own 92.45% of the company’s stock.

CI&T Stock Down 0.9 %

NYSE CINT opened at $6.77 on Monday. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The stock has a market cap of $909.97 million, a PE ratio of 52.08 and a beta of 1.16. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $6.91 and a two-hundred day moving average price of $6.11.

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.