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

CI&T Inc. (NYSE:CINT) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, 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 analysts that have covered the stock in the last year is $6.75.

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

Hedge Funds Weigh In On CI&T

Several hedge funds and other institutional investors have recently modified their holdings of CINT. Lazard Asset Management LLC increased its holdings in shares of CI&T by 41.2% during the fourth quarter. Lazard Asset Management LLC now owns 96,571 shares of the company’s stock worth $393,000 after buying an additional 28,162 shares in the last quarter. RPO LLC bought a new position in shares of CI&T in the 4th quarter worth $60,000. Jump Financial LLC bought a new stake in CI&T during the 4th quarter worth approximately $156,000. Squarepoint Ops LLC raised its holdings in shares of CI&T by 60.7% in the fourth quarter. Squarepoint Ops LLC now owns 34,724 shares of the company’s stock valued at $141,000 after purchasing an additional 13,115 shares during the last quarter. Finally, GMT Capital Corp bought a new stake in CI&T during the fourth quarter worth $1,786,000. Institutional investors own 92.45% of the company’s stock.

CI&T Stock Down 3.4%

Shares of CINT stock opened at $4.76 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average price of $4.70 and a 200 day moving average price of $4.83. CI&T has a one year low of $3.98 and a one year high of $7.50. The stock has a market cap of $641.08 million, a P/E ratio of 17.63 and a beta of 1.16.

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.