Brokerages Set CI&T Inc. (NYSE:CINT) Price Target at $6.78

CI&T Inc. (NYSE:CINT) has earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.7750.

A number of research firms have recently weighed in on CINT. Canaccord Genuity Group boosted their price objective on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. decreased their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. UBS Group boosted their price target on CI&T from $7.00 to $7.10 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Wall Street Zen raised CI&T from a “hold” rating to a “buy” rating in a research note on Saturday.

Hedge Funds Weigh In On CI&T

Several large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. acquired a new stake in CI&T in the 3rd quarter worth about $56,000. Wedbush Securities Inc. acquired a new position in shares of CI&T during the 3rd quarter valued at about $58,000. Russell Investments Group Ltd. lifted its holdings in shares of CI&T by 176.3% during 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 during the period. Centiva Capital LP acquired a new stake in shares of CI&T in the third quarter worth approximately $72,000. Finally, RPO LLC acquired a new stake in shares of CI&T in the fourth quarter worth approximately $60,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Price Performance

NYSE:CINT opened at $5.55 on Friday. CI&T has a 12-month low of $3.98 and a 12-month high of $7.09. The firm has a market cap of $747.88 million, a price-to-earnings ratio of 18.51 and a beta of 1.15. The company’s 50-day moving average is $4.95 and its two-hundred day moving average is $4.80. The company has a current ratio of 1.34, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20.

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.