Cigna Corporation Hits New 52-Week High at $81.75 (CI)
Shares of Cigna Corporation (NYSE:CI) hit a new 52-week high during trading hours on Tuesday, American Banking and Market News reports. The company traded as high as $81.75 and last traded at $81.53, with a volume of 644,218 shares trading hands. The stock had previously closed at $80.67.
CI has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Cigna Corporation (NYSE:CI) in a research note to investors on Monday. They now have a $85.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Cigna Corporation (NYSE:CI) from $76.00 to $85.00 in a research note to investors on Tuesday, August 6th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Cigna Corporation (NYSE:CI) from $69.00 to $81.00 in a research note to investors on Friday, August 2nd. They now have a “neutral” rating on the stock.
Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $75.41.
Cigna Corporation has a 52-week low of $45.80 and a 52-week high of $81.75. The stock has a 50-day moving average of $78.43 and a 200-day moving average of $69.64. The company has a market cap of $23.105 billion and a P/E ratio of 16.22.
Cigna Corporation (NYSE:CI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.18. The company had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Cigna Corporation will post $6.63 EPS for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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