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

Shares of CI&T Inc. (NYSE:CINT) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Four equities research 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.92.

A number of research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their price target 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. Finally, TD Cowen assumed coverage on shares of CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in CI&T during the second quarter worth about $76,000. Virtu Financial LLC purchased a new stake in shares of CI&T in the third quarter valued at about $108,000. GSA Capital Partners LLP lifted its holdings in shares of 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 purchasing an additional 2,995 shares in the last quarter. State Street Corp lifted 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. Finally, Marshall Wace LLP lifted its holdings in shares of CI&T by 245.6% in 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 in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Price Performance

Shares of NYSE:CINT opened at $5.65 on Tuesday. CI&T has a one year low of $3.34 and a one year high of $8.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The company has a 50-day simple moving average of $6.50 and a 200-day simple moving average of $6.51. The stock has a market capitalization of $759.43 million, a price-to-earnings ratio of 43.46 and a beta of 1.16.

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.