Brokerages Set CI&T Inc. (NYSE:CINT) PT at $7.68

CI&T Inc. (NYSE:CINT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the firm, Marketbeat Ratings reports. Five 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 target price among brokers that have updated their coverage on the stock in the last year is $7.68.

Several equities analysts have recently issued reports on the company. 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. The Goldman Sachs Group began coverage on shares of CI&T in a report on Wednesday, September 4th. They issued a "neutral" rating and a $7.30 price objective on the stock. TD Cowen began coverage on shares of CI&T in a research report on Friday, December 6th. They set a "buy" rating and a $9.00 target price for the company. Canaccord Genuity Group increased their target price on CI&T from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CI&T from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th.

CI&T Price Performance

CINT traded up $0.18 during midday trading on Friday, hitting $6.19. The company had a trading volume of 61,612 shares, compared to its average volume of 91,731. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The company has a market capitalization of $832.01 million, a PE ratio of 47.62 and a beta of 1.14. 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 firm's 50-day simple moving average is $6.77 and its 200-day simple moving average is $6.34.

Hedge Funds Weigh In On CI&T

Several hedge funds have recently made changes to their positions in CINT. BW Gestao de Investimentos Ltda. increased its position 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 purchasing an additional 1,073,302 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in CI&T during the second quarter worth $2,264,000. Marshall Wace LLP lifted its stake in 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 acquiring an additional 65,457 shares during the last quarter. Virtu Financial LLC bought a new position in shares of CI&T in the 3rd quarter valued at about $108,000. Finally, State Street Corp grew its position in shares of CI&T by 28.8% in the 3rd 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 during the period. 92.45% of the stock is owned by institutional investors.

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.