CI&T (NYSE:CINT) PT Raised to $8.00 at JPMorgan Chase & Co.

CI&T (NYSE:CINT) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $7.00 to $8.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 17.82% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Itau BBA Securities upgraded CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Friday, August 16th. Canaccord Genuity Group upgraded CI&T from a “hold” rating to a “buy” rating and boosted their price target for the company from $5.00 to $6.00 in a report on Thursday, May 23rd. The Goldman Sachs Group started coverage on CI&T in a report on Wednesday. They issued a “neutral” rating and a $7.30 price target for the company. Canaccord Genuity Group boosted their price target on CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, UBS Group started coverage on CI&T in a report on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 price target for the company. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CI&T has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

CI&T Price Performance

Shares of CINT remained flat at $6.79 during trading on Friday. The company’s stock had a trading volume of 53,167 shares, compared to its average volume of 103,514. The business’s fifty day moving average price is $6.20 and its two-hundred day moving average price is $4.96. CI&T has a one year low of $3.34 and a one year high of $8.04. The company has a market cap of $912.66 million, a P/E ratio of 37.72 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CINT. XTX Topco Ltd bought a new position in shares of CI&T in the second quarter worth $76,000. Banco BTG Pactual S.A. grew its stake in shares of CI&T by 23.0% in the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after purchasing an additional 10,000 shares in the last quarter. Marshall Wace LLP grew its stake in shares of CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after purchasing an additional 7,047 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of CI&T in the second quarter worth $2,264,000. 92.45% of the stock is currently owned by institutional investors.

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.