Cigna Corporation (CI) Price Target: Is It Set To Rise Or Fall In Price?


Cigna Corporation (NYSE:CI) finished Thursday with a subtraction of -$4.84 to close at $278.06, a downside of -1.71 percent. An average of 1,506,094 shares of common stock have been traded in the last five days. There was a fall of -$13.39 in the past week, and it reached a new high 47 times over the past 12 months. The last 20 days have seen an average of 1,987,668 shares traded, while the 50-day average volume stands at 1,889,525.

CI stock has decreased by -1.20% in the last month. The company shares reached their 1-month lowest point of $276.88 on 09/23/22. With the stock rallying to its 52-week high on 09/12/22, shares of the company touched a low of $191.74 and a high of $296.29 in 52 weeks. It has reached a new high 35 times so far this year and achieved 23.20% or $47.33 in price. In spite of this, the price is down -6.15% from the 52-week high.

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Insider Transactions

11 days have passed since Cigna Corporation (CI) last reported insider trading activity. Triplett Michael W, who is President, U.S. Commercial, most recently acquired $8,260 shares at $292.76 per share on Sep 12. In this transaction, the insider spent $2,418,198. EVP Operations, Sanford Paul A, disposed of 374 shares at a price of $285.00 on Aug 09. The insider now owns more than $106,590 worth of shares. Prior to that, SVP Tax & Chief Acct. Officer Agoglia Hoeltzel Mary T went on to Sale 7,044 shares at $286.89 each on Aug 09. An amount of $2,020,860 was transacted.

Valuation Metrics

Cigna Corporation (CI) has a trailing price-to-earnings (P/E) ratio of 16.87. The stock’s beta is 0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.48, the price-to-book (PB) ratio at 1.94, and the price-to-cash flow ratio at 12.25.

The company has a payout ratio of 25.10%. The company’s most recent quarterly dividend payment was $1.12 a share, without any change from last year. Its latest increase dividend $0.12 reported on Thursday February 3 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.68 and a total debt to equity ratio of 0.73 for the quarter ending June 29. Its gross profit as reported stood at $6.78 billion compared to revenue of $174.08 billion.

Earnings Surprise

For the three-month period that ended June 29, Cigna Corporation had $30.98 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.56 billion in the quarter, while revenues of $1.18 billion were grew 5.9%. The analyst consensus anticipated Cigna Corporation’s latest quarter earnings to come in at $5.48 per share, but it turned out to be $6.22, a 13.50% surprise. For the quarter, EBITDA amounted to $3.14 billion. At the end of the quarter ending June 29, Cigna Corporation’s stock balance sheet showed total debt was $33.93 billion. Shareholders own equity worth $305.12 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cigna Corporation (CI) price momentum. RSI 9-day as of the close on 22 September was 30.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.03%.

As of today, CI’s price is $284.44 -4.61% or -$13.39 from its 5-day moving average. CI is currently trading -5.10% lower than its 20-day SMA and +12.54% higher than its 100-day SMA. However, the stock’s current price level is +4.55% above the SMA50 and +33.17% above the SMA200.

The stochastic %K and %D were 11.12% and 25.49%, respectively, and the average true range (ATR) was 5.76. With the 14-day stochastic at 0.44% and the average true range at 5.70, the RSI (14) stands at 38.05%. The stock has reached -4.33 on the 9-day MACD Oscillator while the 14-day reading was at -5.99.

Analyst Ratings

Jefferies downgraded Cigna Corporation (NYSE: CI) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Cigna Corporation (CI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CI, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.

What is CI’s price target for the next 12 months?

Analysts predict a range of price targets between $230.00 and $340.00, with a median target of $319.00. Taking a look at these predictions, the average price target given by analysts for Cigna Corporation (CI) stock is $311.74.


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