CIGNA Stock Rating Reaffirmed by Barclays (CI)
CIGNA (NYSE:CI)‘s stock had its “equal weight” rating restated by stock analysts at Barclays in a report issued on Friday. They currently have a $97.00 price objective on the stock, up from their previous price objective of $88.00. Barclays’ price objective would suggest a potential upside of 7.73% from the stock’s previous close.
CIGNA (NYSE:CI) traded up 1.32% on Friday, hitting $91.23. The stock had a trading volume of 1,053,322 shares. CIGNA has a one year low of $72.64 and a one year high of $97.28. The stock has a 50-day moving average of $93.03 and a 200-day moving average of $85.49. The company has a market cap of $24.509 billion and a P/E ratio of 13.02.
CIGNA (NYSE:CI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.96 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.78 earnings per share. CIGNA’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that CIGNA will post $7.32 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Sterne Agee initiated coverage on shares of CIGNA in a research note on Friday, June 27th. They set a “buy” rating and a $110.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $94.29.
Cigna Corporation (NYSE:CI) is a holding company.
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