CI&T Inc. (NYSE:CINT) Receives Average Recommendation of “Moderate Buy” from Brokerages

CI&T Inc. (NYSE:CINT) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.92.

Several brokerages recently issued reports on CINT. Canaccord Genuity Group upped their price objective on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. TD Cowen began coverage on shares of CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th.

Hedge Funds Weigh In On CI&T

A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its stake in CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares during the period. XTX Topco Ltd purchased a new position in CI&T during the second quarter worth approximately $76,000. State Street Corp raised its stake in CI&T by 28.8% during the third quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after purchasing an additional 15,083 shares during the period. Virtu Financial LLC acquired a new stake in shares of CI&T in the third quarter worth $108,000. 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 acquiring an additional 65,457 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Stock Down 3.7 %

Shares of NYSE CINT opened at $5.65 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $759.43 million, a PE ratio of 43.46 and a beta of 1.16. The firm’s 50-day moving average is $6.50 and its two-hundred day moving average is $6.51. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04.

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.