Cigna Corporation Reaches New 12-Month High at $90.51 (CI)
Cigna Corporation (NYSE:CI)’s share price reached a new 52-week high on Thursday, Analyst Ratings Network.com reports. The company traded as high as $90.51 and last traded at $90.19, with a volume of 1,451,031 shares traded. The stock had previously closed at $87.91.
A number of research firms have recently commented on CI. Analysts at Barclays raised their price target on shares of Cigna Corporation from $87.00 to $93.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $88.18.
Cigna Corporation has a 52-week low of $54.72 and a 52-week high of $88.57. The stock has a 50-day moving average of $86.17 and a 200-day moving average of $79.90. The company has a market cap of $24.891 billion and a P/E ratio of 16.58.
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 prior year, the company posted $1.71 earnings per share. The company’s quarterly revenue 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.
Cigna Corporation (NYSE:CI) is a holding company.
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