CI&T Inc. (NYSE:CINT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CI&T Inc. (NYSE:CINT) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.75.

CINT has been the topic of a number of analyst reports. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Canaccord Genuity Group decreased their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th.

Institutional Investors Weigh In On CI&T

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in CI&T by 24,544.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock valued at $8,720,000 after buying an additional 1,454,751 shares in the last quarter. Royce & Associates LP bought a new position in CI&T during the 3rd quarter valued at about $2,696,000. GMT Capital Corp bought a new position in CI&T in the 4th quarter valued at $1,786,000. BW Gestao de Investimentos Ltda. increased its stake in CI&T by 9.2% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after buying an additional 242,811 shares during the period. Finally, Marshall Wace LLP raised its position in CI&T by 90.4% during the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after purchasing an additional 180,800 shares in the last quarter. 92.45% of the stock is owned by institutional investors.

CI&T Stock Performance

NYSE:CINT 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 company has a market capitalization of $641.08 million, a price-to-earnings ratio of 17.63 and a beta of 1.16. The business has a 50 day moving average of $4.70 and a 200 day moving average of $4.83. CI&T has a 1-year low of $3.98 and a 1-year high of $7.50.

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.