CI&T Inc. (NYSE:CINT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CI&T Inc. (NYSE:CINT) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.37.

A number of analysts have commented on CINT shares. UBS Group boosted their price target on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. TD Cowen began coverage on shares of CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 price target on the stock. Finally, Wedbush set a $9.00 price objective on CI&T in a report on Monday, February 3rd.

Institutional Investors Weigh In On CI&T

A number of institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in shares of CI&T during the 4th quarter worth approximately $68,000. Virtu Financial LLC purchased a new stake in shares of CI&T during the third quarter valued at approximately $108,000. Two Sigma Investments LP bought a new stake in CI&T during the fourth quarter worth $111,000. Cubist Systematic Strategies LLC boosted its position in CI&T by 82.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock worth $114,000 after purchasing an additional 8,459 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in CI&T in the 4th quarter valued at $152,000. 92.45% of the stock is owned by institutional investors.

CI&T Trading Down 3.8 %

NYSE CINT opened at $6.51 on Wednesday. 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. The business has a 50 day moving average price of $6.79 and a 200-day moving average price of $6.77. The company has a market cap of $875.02 million, a price-to-earnings ratio of 50.08 and a beta of 1.18.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.