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

CI&T Inc. (NYSE:CINT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.37.

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

CI&T Trading Down 0.3 %

CI&T stock traded down $0.02 during trading hours on Wednesday, reaching $6.94. 79,442 shares of the company's stock traded hands, compared to its average volume of 109,112. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The firm has a market capitalization of $932.82 million, a price-to-earnings ratio of 53.39 and a beta of 1.18. The firm's 50 day moving average is $6.76 and its 200-day moving average is $6.78.

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Hedge Funds Weigh In On CI&T

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of CI&T by 28.8% during the third quarter. State Street Corp now owns 67,380 shares of the company's stock valued at $458,000 after acquiring an additional 15,083 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of CI&T by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock valued at $8,747,000 after buying an additional 45,574 shares during the last quarter. GSA Capital Partners LLP lifted 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 valued at $183,000 after buying an additional 2,995 shares during the last quarter. Virtu Financial LLC purchased a new stake in CI&T during the 3rd quarter worth about $108,000. Finally, Verde Servicos Internacionais S.A. purchased a new stake in CI&T during the 4th quarter worth about $152,000. 92.45% of the stock is owned by institutional investors and hedge funds.

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.