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

Shares of CI&T Inc. (NYSE:CINT) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $7.92.

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

Institutional Investors Weigh In On CI&T

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in CI&T during the third quarter worth $108,000. Verde Servicos Internacionais S.A. purchased a new position in shares of CI&T in the fourth quarter valued at $152,000. GSA Capital Partners LLP raised its stake in shares of CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after buying an additional 2,995 shares during the last quarter. State Street Corp boosted its position in shares of CI&T by 28.8% in 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. Finally, Bank of New York Mellon Corp acquired a new stake in CI&T in the 4th quarter valued at about $3,036,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Price Performance

CINT stock opened at $7.59 on Friday. 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 company has a market capitalization of $1.02 billion, a P/E ratio of 58.39 and a beta of 1.19. The business has a 50 day simple moving average of $6.44 and a 200-day simple moving average of $6.65. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04.

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.