Analysts Set CI&T Inc (NYSE:CINT) PT at $16.14
CI&T Inc (NYSE:CINT – Get Rating) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.14.
Separately, JPMorgan Chase & Co. reduced their price objective on CI&T from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, November 18th.
CI&T Price Performance
CI&T stock opened at $7.66 on Friday. The stock has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $10.46. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. CI&T has a 12 month low of $6.41 and a 12 month high of $19.08.
Institutional Trading of CI&T
Large investors have recently bought and sold shares of the company. Verdence Capital Advisors LLC bought a new position in CI&T in the 3rd quarter valued at approximately $95,000. Brinker Capital Investments LLC purchased a new position in CI&T during the second quarter valued at approximately $108,000. Sei Investments Co. acquired a new stake in shares of CI&T during the second quarter worth $118,000. LPL Financial LLC purchased a new position in CI&T in the second quarter valued at $168,000. Finally, Citadel Advisors LLC purchased a new stake in shares of CI&T during the second quarter worth about $192,000. 12.05% of the stock is owned by institutional investors.
About CI&T
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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