Canaccord Genuity Group Raises CI&T (NYSE:CINT) Price Target to $10.00

CI&T (NYSE:CINT) had its price objective hoisted by Canaccord Genuity Group from $9.00 to $10.00 in a research report released on Monday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

CINT has been the topic of several other research reports. The Goldman Sachs Group initiated coverage on CI&T in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Itau BBA Securities upgraded CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Friday, August 16th. Finally, Citigroup raised their price target on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Five equities research 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.11.

CI&T Price Performance

Shares of NYSE CINT opened at $6.83 on Monday. The stock has a market capitalization of $918.02 million, a price-to-earnings ratio of 53.23 and a beta of 1.16. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The business has a 50-day moving average of $6.89 and a 200-day moving average of $5.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

Hedge Funds Weigh In On CI&T

A number of hedge funds and other institutional investors have recently modified their holdings of CINT. XTX Topco Ltd purchased a new position in CI&T in the second quarter valued at approximately $76,000. Virtu Financial LLC bought a new position in shares of CI&T in the third quarter valued at approximately $108,000. GSA Capital Partners LLP boosted its holdings 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 purchasing an additional 2,995 shares during the period. State Street Corp boosted its stake 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 buying an additional 15,083 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of CI&T by 245.6% during 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 during the last quarter. 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.