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

CI&T Inc. (NYSE:CINT) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $6.50.

Several analysts have weighed in on CINT shares. 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. Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group set a $7.00 price target on CI&T and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. decreased their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th.

CI&T Trading Up 2.2%

Shares of CINT opened at $4.92 on Wednesday. CI&T has a fifty-two week low of $3.98 and a fifty-two week high of $7.50. The firm has a market cap of $662.36 million, a price-to-earnings ratio of 18.22 and a beta of 1.16. The firm has a 50 day moving average price of $4.72 and a 200-day moving average price of $4.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40.

Institutional Investors Weigh In On CI&T

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in CI&T by 6.4% during the 4th quarter. State Street Corp now owns 62,242 shares of the company’s stock valued at $253,000 after purchasing an additional 3,719 shares during the period. Franklin Resources Inc. lifted its stake in shares of CI&T by 45.7% in the 4th quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock valued at $65,000 after purchasing an additional 4,983 shares during the period. Wedbush Securities Inc. boosted its position in shares of CI&T by 50.6% during the fourth quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock valued at $69,000 after purchasing an additional 5,700 shares in the last quarter. Russell Investments Group Ltd. grew its stake in CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares during the period. Finally, Jane Street Group LLC grew its stake in CI&T by 41.3% in the fourth quarter. Jane Street Group LLC now owns 38,497 shares of the company’s stock worth $157,000 after purchasing an additional 11,248 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

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.