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

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

Several analysts have recently commented on CINT shares. Wedbush upgraded shares of CI&T to a “strong-buy” rating in a research note on Monday, February 3rd. TD Cowen started coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 target price for the company. UBS Group raised their target price on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group raised their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

Institutional Trading of CI&T

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC lifted its stake in shares of 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 purchasing an additional 45,574 shares during the period. Bank of New York Mellon Corp purchased a new position in CI&T during the 4th quarter valued at about $3,036,000. Renaissance Technologies LLC increased its holdings in CI&T by 110.0% during the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock valued at $678,000 after acquiring an additional 58,500 shares in the last quarter. Marshall Wace LLP increased its holdings in CI&T by 134.4% during the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock valued at $535,000 after acquiring an additional 50,543 shares in the last quarter. Finally, State Street Corp increased its holdings in CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after acquiring an additional 15,083 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Trading Down 1.1 %

Shares of CI&T stock opened at $7.24 on Friday. CI&T has a 1 year low of $3.34 and a 1 year high of $8.04. The company has a market capitalization of $972.99 million, a P/E ratio of 55.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The company’s fifty day moving average is $6.51 and its two-hundred day moving average is $6.70.

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.