Cigna Corporation Given Consensus Rating of “Buy” by Brokerages (NYSE:CI)
Cigna Corporation (NYSE:CI) has earned an average rating of “Buy” from the nineteen analysts that are currently covering the stock, Analyst RN reports. Seven analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $88.24.
Cigna Corporation (NYSE:CI) opened at 76.74 on Tuesday. Cigna Corporation has a 52-week low of $55.97 and a 52-week high of $90.63. The stock’s 50-day moving average is $87.07 and its 200-day moving average is $81.90. The company has a market cap of $21.212 billion and a P/E ratio of 14.48.
Cigna Corporation (NYSE:CI) last announced its earnings results on Friday, February 7th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by $0.24. The company had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $7.30 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Cigna Corporation will post $7.20 EPS for the current fiscal year.
A number of research firms have recently commented on CI. Analysts at Deutsche Bank cut their price target on shares of Cigna Corporation from $98.00 to $90.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Cigna Corporation from $95.00 to $93.00 in a research note on Monday. Finally, analysts at Barclays cut their price target on shares of Cigna Corporation from $93.00 to $86.00 in a research note on Monday. They now have an “equal weight” rating on the stock.
Cigna Corporation (NYSE:CI) is a holding company.
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