CI&T Inc. (NYSE:CINT) Receives $7.11 Average Target Price from Analysts

Shares of CI&T Inc. (NYSE:CINT) have received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $7.11.

CINT has been the subject of several research analyst reports. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Friday, August 16th. Canaccord Genuity Group boosted their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. The Goldman Sachs Group initiated coverage on CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price objective on the stock. Citigroup lifted their price target on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. upped their price objective on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th.

CI&T Stock Down 0.9 %

NYSE CINT opened at $6.77 on Monday. 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 cap of $909.97 million, a price-to-earnings ratio of 52.08 and a beta of 1.16. The company has a 50 day moving average of $6.91 and a 200-day moving average of $6.11. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of CI&T during the second quarter valued at about $76,000. Virtu Financial LLC bought a new position in CI&T during the 3rd quarter valued at $108,000. GSA Capital Partners LLP lifted its position in shares of CI&T by 12.5% during 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. State Street Corp boosted its holdings in CI&T by 28.8% during the third quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after purchasing an additional 15,083 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of CI&T by 245.6% in 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 last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

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.