Cigna Corporation Rating Reiterated by JPMorgan Chase & Co. (CI)
Cigna Corporation (NYSE:CI)‘s stock had its “buy” rating reiterated by JPMorgan Chase & Co. in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a $87.00 price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 8.11% from the company’s current price.
Shares of Cigna Corporation (NYSE:CI) traded up 2.97% on Wednesday, hitting $80.47. The stock had a trading volume of 1,564,484 shares. Cigna Corporation has a 1-year low of $49.00 and a 1-year high of $84.68. The stock’s 50-day moving average is $79.52 and its 200-day moving average is $73.19. The company has a market cap of $22.760 billion and a price-to-earnings ratio of 15.72.
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. On average, analysts predict that Cigna Corporation will post $6.65 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Cigna Corporation from $87.00 to $94.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna reiterated a “positive” rating on shares of Cigna Corporation in a research note to investors on Wednesday, October 9th. They now have a $90.00 price target on the stock, up previously from $88.00. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $77.71.
Cigna Corporation (NYSE:CI) is a holding company.
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