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

CI&T Inc. (NYSE:CINT) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.92.

CINT has been the topic of several analyst reports. Canaccord Genuity Group upped their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 18th. 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 price objective on the stock. 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.

CI&T Stock Up 0.7 %

Shares of CINT opened at $6.37 on Tuesday. The stock’s 50-day moving average price is $6.43 and its two-hundred day moving average price is $6.53. CI&T has a 12 month low of $3.34 and a 12 month high of $8.04. The company has a market capitalization of $855.52 million, a PE ratio of 48.97 and a beta of 1.16. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of CI&T during the 2nd quarter worth approximately $2,264,000. 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 acquiring an additional 65,457 shares in the last quarter. State Street Corp lifted its position in CI&T by 28.8% during the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after purchasing an additional 15,083 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after acquiring an additional 2,995 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in CI&T during the third quarter worth about $108,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.