Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $7.92

CI&T Inc. (NYSE:CINT) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $7.92.

CINT has been the subject of several research analyst reports. TD Cowen started coverage on CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. Canaccord Genuity Group raised their target price on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, UBS Group upped their price target on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th.

CI&T Stock Up 0.7 %

Shares of CI&T stock opened at $6.37 on Tuesday. The company has a 50-day moving average of $6.43 and a 200 day moving average of $6.53. CI&T has a 1 year low of $3.34 and a 1 year high of $8.04. The firm has a market cap of $855.52 million, a price-to-earnings ratio of 48.97 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.

Hedge Funds Weigh In On CI&T

Several hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in CI&T during the second quarter worth about $76,000. Virtu Financial LLC purchased a new stake in CI&T during the 3rd quarter worth approximately $108,000. GSA Capital Partners LLP lifted its holdings in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after buying an additional 2,995 shares in the last quarter. State Street Corp grew its stake in shares of CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after acquiring an additional 15,083 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after acquiring an additional 65,457 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.