CI&T Inc. (NYSE:CINT) Receives $7.92 Consensus Target Price from Brokerages

CI&T Inc. (NYSE:CINT - Get Free Report) has been given an average rating of "Moderate Buy" by the nine analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.92.

A number of equities analysts recently weighed in on CINT shares. TD Cowen began coverage on shares of CI&T in a research note on Friday, December 6th. They set a "buy" rating and a $9.00 target price for the company. UBS Group lifted their price objective on CI&T from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. 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

Institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in CI&T in the 2nd quarter worth about $2,264,000. Marshall Wace LLP raised its position 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 during the period. Virtu Financial LLC bought a new stake in CI&T during the 3rd quarter valued at $108,000. State Street Corp lifted its holdings in 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 purchasing an additional 15,083 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in CI&T during the second quarter valued at approximately $76,000. Institutional investors own 92.45% of the company's stock.

CI&T Trading Up 1.9 %

Shares of CI&T stock traded up $0.11 during midday trading on Tuesday, reaching $5.77. The company had a trading volume of 25,755 shares, compared to its average volume of 47,242. The stock has a fifty day moving average price of $6.48 and a 200 day moving average price of $6.51. 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 cap of $775.56 million, a PE ratio of 44.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

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.