CI&T (NYSE:CINT) Earns Buy Rating from Analysts at TD Cowen

TD Cowen started coverage on shares of CI&T (NYSE:CINT) in a research report report published on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $9.00 price target on the stock.

Several other research firms have also weighed in on CINT. The Goldman Sachs Group started coverage on shares of CI&T in a research report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Friday, August 16th. Citigroup raised their target price on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Canaccord Genuity Group raised their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.30.

CI&T Stock Performance

Shares of CINT opened at $6.94 on Friday. The firm has a 50-day moving average price of $6.89 and a 200 day moving average price of $6.24. The firm has a market capitalization of $932.81 million, a PE ratio of 53.39 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04.

Institutional Investors Weigh In On CI&T

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of CI&T in the second quarter worth $76,000. Virtu Financial LLC acquired a new stake in CI&T during the third quarter worth $108,000. GSA Capital Partners LLP boosted its stake in CI&T by 12.5% during the third 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 in the last quarter. 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 worth $458,000 after buying an additional 15,083 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after buying an additional 65,457 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

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.