CI&T Inc. (NYSE:CINT) Receives $6.75 Consensus Target Price from Analysts

CI&T Inc. (NYSE:CINT) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.50.

A number of research analysts have weighed in on the stock. UBS Group set a $7.00 price objective on shares of CI&T and gave the company a “buy” rating in a research report on Wednesday, January 14th. Canaccord Genuity Group cut their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Zacks Research lowered shares of CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. JPMorgan Chase & Co. dropped their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th.

Institutional Trading of CI&T

A number of hedge funds and other institutional investors have recently bought and sold shares of CINT. Franklin Resources Inc. bought a new stake in shares of CI&T during the third quarter worth $56,000. Wedbush Securities Inc. bought a new stake in CI&T during the 3rd quarter valued at about $58,000. RPO LLC purchased a new stake in CI&T in the 4th quarter valued at about $60,000. Russell Investments Group Ltd. grew its stake in CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after acquiring an additional 7,456 shares in the last quarter. Finally, Centiva Capital LP bought a new position in CI&T in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Stock Performance

NYSE:CINT opened at $4.92 on Wednesday. The firm has a market capitalization of $662.36 million, a PE ratio of 18.22 and a beta of 1.16. The stock’s fifty day moving average is $4.72 and its 200 day moving average is $4.82. CI&T has a fifty-two week low of $3.98 and a fifty-two week high of $7.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.