Equities research analysts at UBS AG boosted their price objective on shares of Cigna Corporation (NYSE:CI) from $89.00 to $101.00 in a research note issued to investors on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential upside of 22.92% from the stock’s previous close.
A number of other analysts have also recently weighed in on CI. Analysts at Zacks reiterated a “neutral” rating on shares of Cigna Corporation in a research note to investors on Wednesday, November 6th. They now have a $83.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt downgraded shares of Cigna Corporation from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. Finally, analysts at Barclays raised their price target on shares of Cigna Corporation from $83.00 to $87.00 in a research note to investors on Friday, November 1st. They now have an “equal weight” rating on the stock. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $85.80.
Cigna Corporation (NYSE:CI) traded up 1.32% on Wednesday, hitting $82.17. The stock had a trading volume of 1,703,215 shares. Cigna Corporation has a one year low of $49.34 and a one year high of $84.68. The stock has a 50-day moving average of $77.74 and a 200-day moving average of $74.96. The company has a market cap of $22.713 billion and a P/E ratio of 15.30.
Cigna Corporation (NYSE:CI) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.27. The company had revenue of $8.07 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts expect that Cigna Corporation will post $6.82 EPS for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.