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

Shares of CI&T Inc. (NYSE:CINT) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.92.

CINT has been the topic of several recent research reports. TD Cowen initiated coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective on the stock. UBS Group boosted their price objective 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. Wedbush upgraded shares of CI&T to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Canaccord Genuity Group upped their target price on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 18th.

Hedge Funds Weigh In On CI&T

A number of hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP grew its stake in CI&T by 12.5% in the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after buying an additional 2,995 shares during the last quarter. State Street Corp lifted 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 acquiring an additional 15,083 shares during the period. Virtu Financial LLC acquired a new position in shares of CI&T in the 3rd quarter worth approximately $108,000. Verde Servicos Internacionais S.A. bought a new stake in CI&T in the fourth quarter valued at $152,000. Finally, WCM Investment Management LLC grew its holdings in shares of CI&T by 3.2% in the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after purchasing an additional 45,574 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

CI&T Stock Down 2.8 %

Shares of NYSE:CINT opened at $7.29 on Friday. The company has a market capitalization of $979.86 million, a PE ratio of 56.08 and a beta of 1.19. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The firm has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $6.69.

About CI&T

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.