Brokerages Set CI&T Inc. (NYSE:CINT) PT at $7.11

Shares of CI&T Inc. (NYSE:CINT) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings 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 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.11.

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

CI&T Trading Down 0.9 %

NYSE:CINT opened at $6.77 on Monday. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The business’s 50-day moving average price is $6.91 and its two-hundred day moving average price is $6.07. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $909.96 million, a price-to-earnings ratio of 52.54 and a beta of 1.16.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BW Gestao de Investimentos Ltda. grew its stake in CI&T by 101.1% in the second quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after purchasing an additional 1,073,302 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in CI&T in the second quarter valued at approximately $2,264,000. Marshall Wace LLP grew its stake in CI&T by 245.6% in the second 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 in the last quarter. State Street Corp grew its stake in 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 purchasing an additional 15,083 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake 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 in the last quarter. 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.