Cigna Corporation PT Raised to $93.00 (CI)
Equities research analysts at Barclays raised their price target on shares of Cigna Corporation (NYSE:CI) from $87.00 to $93.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective indicates a potential upside of 5.26% from the company’s current price.
Cigna Corporation (NYSE:CI) traded down 0.54% on Wednesday, hitting $87.87. 942,536 shares of the company’s stock traded hands. Cigna Corporation has a 52-week low of $54.25 and a 52-week high of $88.57. The stock has a 50-day moving average of $86.07 and a 200-day moving average of $79.84. The company has a market cap of $24.288 billion and a P/E ratio of 16.67.
Cigna Corporation (NYSE:CI) last announced its earnings results on Thursday, October 31st. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.27. The company had revenue of $8.07 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts predict that Cigna Corporation will post $6.87 earnings per share for the current fiscal year.
CI has been the subject of a number of other recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Cigna Corporation in a research note to investors on Thursday, November 21st. They set an “overweight” rating and a $100.00 price target on the stock. Separately, analysts at Leerink Swann initiated coverage on shares of Cigna Corporation in a research note to investors on Monday, November 18th. They set an “outperform” rating and a $106.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Cigna Corporation from $89.00 to $101.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $88.18.
Cigna Corporation (NYSE:CI) is a holding company.
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