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

CI&T Inc. (NYSE:CINT - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.11.

Several equities analysts have commented on the company. Itau BBA Securities upgraded CI&T from a "market perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a report on Friday, August 16th. Citigroup raised their target price on shares of CI&T from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. 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. JPMorgan Chase & Co. raised their price target on CI&T from $7.00 to $8.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group assumed coverage on CI&T in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $7.30 price objective on the stock.

Hedge Funds Weigh In On CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. raised its stake in shares of CI&T by 101.1% in the 2nd 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. Itau Unibanco Holding S.A. bought a new stake in CI&T in the second quarter valued at about $2,264,000. Marshall Wace LLP raised its position in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company's stock worth $479,000 after purchasing an additional 65,457 shares in the last quarter. State Street Corp boosted its holdings in 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 purchasing an additional 15,083 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of CI&T by 12.5% in the 3rd 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 during the period. 92.45% of the stock is currently owned by institutional investors.

CI&T Stock Up 0.9 %

Shares of CINT traded up $0.06 during trading hours on Monday, hitting $6.79. 42,260 shares of the company were exchanged, compared to its average volume of 93,447. 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 market cap of $912.64 million, a PE ratio of 52.31 and a beta of 1.16. The firm's 50 day moving average is $6.89 and its 200-day moving average is $6.01. CI&T has a 52 week low of $3.34 and a 52 week 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.