Brokerages Set CI&T Inc. (NYSE:CINT) Target Price at $7.11

CI&T Inc. (NYSE:CINT) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.11.

Several equities analysts recently issued reports on CINT shares. JPMorgan Chase & Co. upped their target price on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Citigroup upped their target price on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group started coverage on CI&T in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 target price on the stock. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Friday, August 16th. Finally, Canaccord Genuity Group upped their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th.

Institutional Investors Weigh In On CI&T

Hedge funds have recently added to or reduced their stakes in the business. BW Gestao de Investimentos Ltda. boosted its stake in shares of CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after acquiring an additional 1,073,302 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of CI&T during the 2nd quarter worth about $2,264,000. Marshall Wace LLP boosted its stake in shares of CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after acquiring an additional 65,457 shares in the last quarter. State Street Corp boosted its stake 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 acquiring an additional 15,083 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake 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 acquiring an additional 2,995 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Stock Performance

Shares of CINT stock opened at $6.83 on Monday. The business’s fifty day simple moving average is $6.90 and its 200-day simple moving average is $6.06. The company has a market cap of $918.02 million, a PE ratio of 52.47 and a beta of 1.16. 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 12-month low of $3.34 and a 12-month high of $8.04.

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.