Cigna Corporation (CI) Releases Quarterly Earnings Results, Misses Expectations By $0.24 EPS
Cigna Corporation (NYSE:CI) announced its earnings results on Friday. The company reported $1.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.63 by $0.24, StockRatingsNetwork.com reports.
Several analysts have recently commented on the stock. Analysts at Susquehanna downgraded shares of Cigna Corporation from a “positive” rating to a “neutral” rating in a research note to investors on Friday. On a related note, analysts at Zacks upgraded shares of Cigna Corporation from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 29th. They now have a $103.00 price target on the stock. Finally, 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, January 8th. They now have an “equal weight” rating on the stock. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Cigna Corporation currently has an average rating of “Buy” and an average target price of $89.31.
Shares of Cigna Corporation (NYSE:CI) opened at 85.37 on Friday. Cigna Corporation has a 1-year low of $55.97 and a 1-year high of $90.63. The stock has a 50-day moving average of $87.25 and a 200-day moving average of $81.82. The company has a market cap of $23.597 billion and a price-to-earnings ratio of 16.10.
Cigna Corporation (NYSE:CI) is a holding company.
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