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

CI&T Inc. (NYSE:CINT) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.68.

A number of research firms have recently weighed in on CINT. UBS Group raised their price objective on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. TD Cowen began coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price for the company. The Goldman Sachs Group assumed coverage on CI&T in a research note on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target on the stock. JPMorgan Chase & Co. lifted their target price on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, Canaccord Genuity Group increased their price target 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.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently modified their holdings of CINT. BW Gestao de Investimentos Ltda. increased its position in shares of CI&T by 101.1% in the second quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after buying an additional 1,073,302 shares in the last quarter. XTX Topco Ltd acquired a new stake in CI&T in the 2nd quarter valued at $76,000. Itau Unibanco Holding S.A. purchased a new stake in CI&T in the 2nd quarter worth $2,264,000. Marshall Wace LLP raised its position 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 acquiring an additional 65,457 shares during the period. Finally, GSA Capital Partners LLP raised its position 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 purchasing an additional 2,995 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Price Performance

Shares of CINT opened at $6.13 on Friday. The company has a 50 day moving average of $6.69 and a two-hundred day moving average of $6.39. The company has a market cap of $823.95 million, a price-to-earnings ratio of 47.16 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 twelve month low of $3.34 and a twelve month high of $8.04.

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.