Analyst Ratings for Cigna Corp. (CI)Updated: 2017-07-28
Shares of Cigna Corp. (NYSE:CI) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for CI last month.
14 analysts declared CI a buy, 1 gave an overweight rating, 5 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for CI by the analysts covering the stock. The highest price target was 202, implying potential capital gains of 16.51 percent. The most pessimistic analyst gave a price target of 123, which equates to a potential downside of -29.06 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.61 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 1.43 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.36 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.62 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
CI has an estimated earnings growth rate of 31.4 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CI is 0.74.
In the last 52-weeks, CI has achieved a high of 175.80 and a low of 115.03. The current market price is above the trailing year's low by 50.73 percent, and 1.38 percent below the high. CI has a P/E ratio of 23.14. Investors typically compare the P/E ratio to a company's peers in the industry. The CI value stock report compares CI to some of its peers using value stock charts. The market cap of CI is $44.05 billion. CI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.