Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $7.68

CI&T Inc. (NYSE:CINT) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.68.

CINT has been the topic of several recent analyst reports. UBS Group increased their target price on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. TD Cowen began coverage on CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 target price for the company. Canaccord Genuity Group raised their price objective on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their target price on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group started coverage on shares of CI&T in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 target price on the stock.

CI&T Trading Up 0.3 %

Shares of NYSE CINT opened at $6.13 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. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The stock has a market capitalization of $823.95 million, a PE ratio of 47.16 and a beta of 1.14. The stock has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $6.39.

Hedge Funds Weigh In On CI&T

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP boosted its holdings 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. XTX Topco Ltd acquired a new position in CI&T during the second quarter valued at approximately $76,000. State Street Corp lifted its position 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 purchasing an additional 15,083 shares during the last quarter. Virtu Financial LLC acquired a new position in CI&T during the 3rd quarter valued at $108,000. Finally, Marshall Wace LLP increased its position in shares of CI&T by 245.6% during 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 during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.