CIGNA Price Target Raised to $101.00 at BMO Capital Markets (CI)
Stock analysts at BMO Capital Markets hoisted their target price on shares of CIGNA (NYSE:CI) from $100.00 to $101.00 in a report issued on Friday. BMO Capital Markets’ price target indicates a potential upside of 11.28% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of CIGNA from $97.00 to $100.00 in a research note on Friday. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $95.64.
CIGNA (NYSE:CI) traded up 0.80% on Friday, hitting $90.76. 1,577,241 shares of the company’s stock traded hands. 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 issued its quarterly 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. On average, analysts predict that CIGNA will post $7.32 earnings per share for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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