CI&T Inc. (NYSE:CINT) Given Consensus Rating of “Moderate Buy” by Brokerages

CI&T Inc. (NYSE:CINT) has received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.11.

CINT has been the subject of a number of analyst reports. Citigroup lifted their price objective on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price target on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. The Goldman Sachs Group initiated coverage on shares of CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price objective for the company. Canaccord Genuity Group increased their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Friday, August 16th.

CI&T Trading Down 1.5 %

Shares of NYSE CINT opened at $6.73 on Monday. The company’s 50 day simple moving average is $6.89 and its 200 day simple moving average is $6.01. 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 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 $904.59 million, a P/E ratio of 51.77 and a beta of 1.16.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CINT. XTX Topco Ltd acquired a new stake in CI&T during the second quarter worth approximately $76,000. Virtu Financial LLC bought a new stake in shares of CI&T during the 3rd quarter valued at $108,000. 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 acquiring an additional 2,995 shares during the period. State Street Corp grew its holdings 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 purchasing an additional 15,083 shares in the last quarter. Finally, Marshall Wace LLP increased 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 worth $479,000 after purchasing an additional 65,457 shares during the period. 92.45% of the stock is owned by institutional investors.

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.