CIGNA Receives Average Recommendation of “Buy” from Analysts (NYSE:CI)
Shares of CIGNA (NYSE:CI) have received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, AnalystRatings.Net reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $97.18.
CIGNA (NYSE:CI) opened at 90.60 on Wednesday. CIGNA has a 1-year low of $72.64 and a 1-year high of $97.28. The stock has a 50-day moving average of $92.98 and a 200-day moving average of $85.5. The company has a market cap of $23.902 billion and a price-to-earnings ratio of 12.19.
CIGNA (NYSE:CI) last released its earnings data 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 $7.37 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CI shares. Analysts at Leerink Swann raised their price target on shares of CIGNA from $100.00 to $110.00 in a research note on Monday, August 4th. Separately, analysts at BMO Capital Markets raised their price target on shares of CIGNA from $100.00 to $101.00 in a research note on Friday, August 1st. Finally, analysts at Oppenheimer raised their price target on shares of CIGNA from $97.00 to $100.00 in a research note on Friday, August 1st.
In other CIGNA news, Chairman Isaiah Harris, Jr. sold 1,066 shares of CIGNA stock on the open market in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $90.22, for a total value of $96,174.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cigna Corporation (NYSE:CI) is a holding company.
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