CI&T (NYSE:CINT) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of CI&T (NYSE:CINT) in a research report report published on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $7.30 target price on the stock.

A number of other equities analysts have also commented on the stock. Canaccord Genuity Group upgraded shares of CI&T from a hold rating to a buy rating and lifted their price target for the stock from $5.00 to $6.00 in a report on Thursday, May 23rd. Itau BBA Securities upgraded shares of CI&T from a market perform rating to an outperform rating and set a $10.00 price target on the stock in a report on Friday, August 16th. Citigroup lifted their price target on shares of CI&T from $6.00 to $8.00 and gave the stock a neutral rating in a report on Monday, August 19th. Wedbush began coverage on shares of CI&T in a report on Friday, May 24th. They set an outperform rating and a $5.00 price target on the stock. Finally, UBS Group began coverage on shares of CI&T in a report on Tuesday, May 14th. They issued a neutral rating and a $4.20 target price on the stock. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $7.00.

CI&T Stock Performance

NYSE CINT opened at $6.88 on Wednesday. The firm’s fifty day moving average price is $6.24 and its two-hundred day moving average price is $4.98. The stock has a market cap of $924.75 million, a PE ratio of 38.22 and a beta of 1.15. CI&T has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80.

Hedge Funds Weigh In On CI&T

Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of CI&T during the second quarter valued at about $76,000. Banco BTG Pactual S.A. raised its holdings in shares of CI&T by 23.0% during the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares during the period. Marshall Wace LLP raised its holdings in shares of CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after purchasing an additional 65,457 shares during the period. Russell Investments Group Ltd. increased its position in shares of CI&T by 4.6% during the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after acquiring an additional 7,047 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of CI&T during the second quarter worth about $2,264,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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