CIGNA’s Outperform Rating Reaffirmed at Credit Suisse (CI)
CIGNA (NYSE: CI)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a $72.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna raised their price target on shares of CIGNA from $67.00 to $72.00 in a research note to investors on Tuesday. Separately, analysts at Barclays Capital reiterated an “equal weight” rating on shares of CIGNA in a research note to investors on Tuesday, March 12th. They now have a $60.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of CIGNA in a research note to investors on Wednesday, March 6th.
Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $65.85.
CIGNA (NYSE: CI) opened at 62.11 on Tuesday. CIGNA has a 1-year low of $39.01 and a 1-year high of $62.77. The stock’s 50-day moving average is currently $59.96. The company has a market cap of $17.761 billion and a price-to-earnings ratio of 11.07.
CIGNA (NYSE: CI) last released its earnings data on Thursday, February 7th. The company reported $1.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.48 by $0.07. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the company posted $1.11 earnings per share. CIGNA’s revenue was up 40.5% compared to the same quarter last year. CIGNA has set its FY13 guidance at $5.85-6.30 EPS. On average, analysts predict that CIGNA will post $6.34 earnings per share for the current fiscal year.
The company also recently announced a annual dividend, which is scheduled for Wednesday, April 10th. Investors of record on Tuesday, March 12th will be paid a dividend of $0.04 per share. This represents a dividend yield of 0.07%. The ex-dividend date is Friday, March 8th.
Cigna Corporation (NYSE: CI) is a holding company. Cigna is a global health service company, with insurance subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services.
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