CI&T (NYSE:CINT) Price Target Increased to $8.00 by Analysts at JPMorgan Chase & Co.

CI&T (NYSE:CINT) had its price objective hoisted by JPMorgan Chase & Co. from $7.00 to $8.00 in a report issued on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on the company. Wedbush initiated coverage on CI&T in a research report on Friday, May 24th. They issued an outperform rating and a $5.00 target price on the stock. Canaccord Genuity Group upgraded shares of CI&T from a hold rating to a buy rating and boosted their price target for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. UBS Group began coverage on shares of CI&T in a research note on Tuesday, May 14th. They issued a neutral rating and a $4.20 price objective for the company. The Goldman Sachs Group assumed coverage on shares of CI&T in a research report on Wednesday. They set a neutral rating and a $7.30 target price on the stock. Finally, Canaccord Genuity Group upped their price objective on CI&T from $6.00 to $9.00 and gave the company a buy rating in a research report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $7.00.

CI&T Stock Performance

NYSE:CINT opened at $6.88 on Friday. The stock has a 50-day moving average price of $6.24 and a 200 day moving average price of $4.98. The stock has a market capitalization of $924.75 million, a P/E ratio of 38.22 and a beta of 1.15. CI&T has a 12-month low of $3.34 and a 12-month high of $8.04. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On CI&T

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in CI&T in the second quarter valued at approximately $76,000. Banco BTG Pactual S.A. grew its stake in CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after buying an additional 10,000 shares during the last quarter. Marshall Wace LLP raised its stake in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after buying an additional 65,457 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in CI&T by 4.6% in 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. acquired a new position in shares of CI&T during the second quarter valued at about $2,264,000. Institutional investors 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.