CI&T (NYSE:CINT) Price Target Raised to $8.00 at UBS Group

CI&T (NYSE:CINT) had its price objective lifted by UBS Group from $7.50 to $8.00 in a research report report published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts also recently commented on the company. TD Cowen assumed coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. JPMorgan Chase & Co. raised 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. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research report on Friday, August 16th. Citigroup raised their price target on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, The Goldman Sachs Group initiated coverage on CI&T in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price target on the stock. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CI&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.68.

CI&T Price Performance

Shares of CINT stock opened at $6.28 on Thursday. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $844.09 million, a P/E ratio of 48.31 and a beta of 1.14. The firm has a fifty day moving average of $6.87 and a two-hundred day moving average of $6.28.

Institutional Trading of CI&T

Institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP lifted 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 valued at $183,000 after acquiring an additional 2,995 shares during the period. XTX Topco Ltd bought a new position in shares of CI&T during the 2nd quarter valued at about $76,000. State Street Corp grew its holdings in shares of CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after purchasing an additional 15,083 shares in the last quarter. Virtu Financial LLC bought a new position in shares of CI&T in the 3rd quarter valued at about $108,000. Finally, Marshall Wace LLP lifted 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 valued at $479,000 after purchasing an additional 65,457 shares during the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.