Cigna Corporation Price Target Increased to $87.00 by Analysts at JPMorgan Chase & Co. (CI)
Research analysts at JPMorgan Chase & Co. hoisted their target price on shares of Cigna Corporation (NYSE:CI) from $78.00 to $87.00 in a report released on Tuesday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 11.10% from the stock’s previous close.
Shares of Cigna Corporation (NYSE:CI) traded up 0.09% during mid-day trading on Tuesday, hitting $78.31. The stock had a trading volume of 1,640,074 shares. Cigna Corporation has a 52-week low of $46.50 and a 52-week high of $84.68. The stock has a 50-day moving average of $79.47 and a 200-day moving average of $71.41. The company has a market cap of $22.149 billion and a price-to-earnings ratio of 15.74.
Cigna Corporation (NYSE:CI) last released its earnings data on Thursday, August 1st. The company reported $1.78 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Cigna Corporation will post $6.63 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cigna Corporation (NYSE:CI) in a research note to investors on Monday, September 9th. 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.
Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Cigna Corporation currently has a consensus rating of “Buy” and a consensus target price of $77.00.
In other Cigna Corporation news, EVP Nicole Jones unloaded 1,530 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $82.35, for a total transaction of $125,995.50. Following the transaction, the executive vice president now directly owns 5,337 shares of the company’s stock, valued at approximately $439,502. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Cigna Corporation (NYSE:CI) is a holding company.
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