CIGNA Price Target Raised to $100.00 at Oppenheimer (CI)
Equities research analysts at Oppenheimer upped their target price on shares of CIGNA (NYSE:CI) from $97.00 to $100.00 in a research note issued to investors on Friday. Oppenheimer’s price target points to a potential upside of 10.18% from the stock’s previous close.
Shares of CIGNA (NYSE:CI) traded up 0.80% on Friday, hitting $90.76. The stock had a trading volume of 1,577,241 shares. CIGNA has a 52 week low of $72.64 and a 52 week high of $97.28. The stock’s 50-day moving average is $93.03 and its 200-day moving average is $85.5. The company has a market cap of $24.383 billion and a price-to-earnings ratio of 13.02.
CIGNA (NYSE:CI) last released its earnings data on Thursday, July 31st. The company reported $1.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.84 by $0.12. The company had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that CIGNA will post $7.32 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of CIGNA in a research note on Friday. They now have a $97.00 price target on the stock, up previously from $88.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of CIGNA in a research note on Wednesday, July 16th. They now have a $105.00 price target on the stock, up previously from $95.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of CIGNA in a research note on Thursday, July 10th. They now have a $98.00 price target on the stock, up previously from $93.00. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $95.64.
Cigna Corporation (NYSE:CI) is a holding company.
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