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

Shares of CI&T Inc. (NYSE:CINT) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.92.

CINT has been the topic of a number of research reports. UBS Group upped their price target on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Canaccord Genuity Group lifted 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. Wedbush raised shares of CI&T to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, TD Cowen initiated coverage on shares of CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 price target for the company.

Hedge Funds Weigh In On CI&T

Several large investors have recently bought and sold shares of the business. GSA Capital Partners LLP boosted 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 worth $183,000 after acquiring an additional 2,995 shares in the last quarter. State Street Corp boosted its holdings 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 buying an additional 15,083 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of CI&T in the 3rd quarter valued at $108,000. Verde Servicos Internacionais S.A. acquired a new stake in CI&T during the 4th quarter worth $152,000. Finally, WCM Investment Management LLC lifted its position in CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after acquiring an additional 45,574 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

CINT stock opened at $7.59 on Friday. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04. The business has a fifty day moving average of $6.44 and a two-hundred day moving average of $6.65. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 58.39 and a beta of 1.19. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.