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

Shares of CI&T Inc. (NYSE:CINT) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.92.

Several equities analysts have recently commented on the stock. UBS Group boosted 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. Canaccord Genuity Group boosted their price objective on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, TD Cowen began coverage on CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock.

Institutional Investors Weigh In On CI&T

Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its position in CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after purchasing an additional 2,995 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of CI&T in the second quarter valued at approximately $76,000. State Street Corp increased its stake in shares of CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after buying an additional 15,083 shares during the period. Virtu Financial LLC bought a new position in CI&T in the 3rd quarter valued at approximately $108,000. Finally, Marshall Wace LLP boosted its position in CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after buying an additional 65,457 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Up 0.7 %

CINT stock opened at $6.37 on Tuesday. CI&T has a 52 week low of $3.34 and a 52 week high of $8.04. The business has a 50-day simple moving average of $6.42 and a 200 day simple moving average of $6.54. 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 company has a market cap of $855.52 million, a PE ratio of 48.97 and a beta of 1.16.

About CI&T

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.