Cigna Corporation PT Raised to $87.00 at Deutsche Bank (CI)
Analysts at Deutsche Bank lifted their target price on shares of Cigna Corporation (NYSE:CI) from $85.00 to $87.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 11.34% from the company’s current price.
A number of other analysts have also recently weighed in on CI. Analysts at JPMorgan Chase & Co. raised their price target on shares of Cigna Corporation from $78.00 to $87.00 in a research note to investors on Tuesday, September 24th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cigna Corporation in a research note to investors on Monday, September 9th. They now have a $85.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Cigna Corporation 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. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $77.18.
Cigna Corporation (NYSE:CI) traded down 0.44% during mid-day trading on Tuesday, hitting $77.80. 845,582 shares of the company’s stock traded hands. Cigna Corporation has a 1-year low of $48.68 and a 1-year high of $84.68. The stock has a 50-day moving average of $79.55 and a 200-day moving average of $72.56. The company has a market cap of $22.005 billion and a P/E ratio of 15.72.
Cigna Corporation (NYSE:CI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.78 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Cigna Corporation will post $6.65 earnings per share for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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