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

CI&T Inc. (NYSE:CINT) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.37.

Several brokerages recently weighed in on CINT. Wedbush set a $9.00 price objective on shares of CI&T in a research note on Monday, February 3rd. Canaccord Genuity Group upped their price target on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. UBS Group increased their price target on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, TD Cowen assumed coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective on the stock.

Institutional Investors Weigh In On CI&T

A number of hedge funds have recently added to or reduced their stakes in CINT. State Street Corp boosted its holdings in shares of CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after buying an additional 15,083 shares in the last quarter. WCM Investment Management LLC boosted its stake in CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after acquiring an additional 45,574 shares in the last quarter. GSA Capital Partners LLP grew its holdings in CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares during the period. Virtu Financial LLC acquired a new stake in CI&T in the third quarter worth $108,000. Finally, Verde Servicos Internacionais S.A. bought a new stake in CI&T in the fourth quarter valued at $152,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Trading Down 3.8 %

CINT opened at $6.51 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The company’s 50 day moving average price is $6.79 and its two-hundred day moving average price is $6.77. The firm has a market capitalization of $875.02 million, a price-to-earnings ratio of 50.08 and a beta of 1.18.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.