CIGNA Receives Average Rating of “Buy” from Analysts (NYSE:CI)
Shares of CIGNA (NYSE:CI) have received an average recommendation of “Buy” from the fifteen ratings firms that are covering the company, Analyst Ratings News reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $89.14.
CIGNA (NYSE:CI) opened at 87.46 on Friday. CIGNA has a 1-year low of $65.54 and a 1-year high of $90.63. The stock has a 50-day moving average of $81.30 and a 200-day moving average of $82.5. The company has a market cap of $23.496 billion and a price-to-earnings ratio of 12.64.
CIGNA (NYSE:CI) last released its earnings data on Thursday, May 1st. The company reported $1.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.29. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter last year, the company posted $1.72 earnings per share. CIGNA’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that CIGNA will post $7.31 EPS for the current fiscal year.
In other CIGNA news, Insider Jason D. Sadler sold 6,145 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $88.50, for a total value of $543,832.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of CIGNA in a research note on Friday, May 2nd. They now have a $88.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of CIGNA from $94.00 to $97.00 in a research note on Friday, May 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of CIGNA from $79.00 to $83.00 in a research note on Friday, May 2nd.
Cigna Corporation (NYSE:CI) is a holding company.
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