CIGNA Sets New 52-Week High at $93.20 (CI)
CIGNA (NYSE:CI) shares reached a new 52-week high during trading on Monday , American Banking News reports. The stock traded as high as $93.20 and last traded at $92.31, with a volume of 683,151 shares trading hands. The stock had previously closed at $91.92.
CI has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of CIGNA in a research note on Friday. They set a “buy” rating and a $110.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CIGNA in a research note on Tuesday, June 3rd. They now have a $95.00 price target on the stock, down previously from $96.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CIGNA in a research note on Friday, May 16th. They now have a $92.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $92.14.
The stock has a 50-day moving average of $89.87 and a 200-day moving average of $84.17. The company has a market cap of $24.708 billion and a price-to-earnings ratio of 13.29.
CIGNA (NYSE:CI) last announced its earnings results 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. On average, analysts predict that CIGNA will post $7.30 earnings per share for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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