Why Cigna Corporation (NYSE:CI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $151.92 on Cigna Corporation (NYSE:CI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $8.07 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Cigna Corporation (NYSE:CI) stands at 16.63.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Cigna Corporation Common Stock, the PEG ratio for coming 3-5 years is 1.38.

Technical Analysis

The technical analysis highlights that Cigna Corporation Common Stock current is trading $-3.24 points away or -2.47% from its 50-day moving average of $131.42. Further it is trading $-5.06 or -3.80% away its 200-day moving average of $133.24.

The 52-week high of Cigna Corporation (NYSE:CI) was $148.99 while lowest point recorded in 52-week was $121.87. It implies if stock price makes a movement of over $-20.81, it will record a new 52-week high. In the case of +5.18% drop, it will touch a new 52-week low.

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