Brokerages Set CI&T Inc (NYSE:CINT) PT at $16.86

Shares of CI&T Inc (NYSE:CINTGet Rating) have earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.86.

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group reduced their price target on CI&T from $21.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, July 5th. JPMorgan Chase & Co. reduced their target price on CI&T from $18.00 to $15.00 in a report on Wednesday, July 20th.

CI&T Trading Up 0.6 %

Shares of CINT stock opened at $9.12 on Friday. CI&T has a 52-week low of $7.77 and a 52-week high of $22.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.60 and a quick ratio of 1.60. The business has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $12.98.

Institutional Investors Weigh In On CI&T

Large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. grew its position in CI&T by 11.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,394 shares of the company’s stock worth $347,000 after acquiring an additional 3,590 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of CI&T by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,352,961 shares of the company’s stock worth $13,651,000 after buying an additional 8,014 shares during the period. Kennedy Capital Management Inc. raised its stake in shares of CI&T by 5.1% in the second quarter. Kennedy Capital Management Inc. now owns 180,853 shares of the company’s stock valued at $1,825,000 after acquiring an additional 8,804 shares in the last quarter. Brinker Capital Investments LLC acquired a new stake in shares of CI&T in the second quarter valued at $108,000. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of CI&T in the fourth quarter valued at $138,000. 12.05% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Company Profile

(Get Rating)

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. It develops customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, and cloud and mobility technologies.

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Analyst Recommendations for CI&T (NYSE:CINT)

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