Cigna Corporation (CI) stock is expected to deviate a maximum of $21.07 from the average target price of $147.56 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $174 and the most muted being $99.
Cigna Corporation (CI) : 11 analysts are covering Cigna Corporation (CI) and their average rating on the stock is 2.27, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Major Brokerage house, Citigroup maintains its ratings on Cigna Corporation (NYSE:CI). In the latest research report, Citigroup raises the target price from $174 per share to $146 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 3, 2016.
Cigna Corporation (NYSE:CI): The stock opened at $128.58 on Thursday but the bulls could not build on the opening and the stock topped out at $128.99 for the day. The stock traded down to $127.15 during the day, due to lack of any buying support eventually closed down at $127.64 with a loss of -0.48% for the day. The stock had closed at $128.26 on the previous day. The total traded volume was 701,460 shares.
Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company operates in three segments: Global Health Care, Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. Cigna offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals. It offers personal accident insurance coverage, consisting of accidental death and dismemberment and travel accident insurance.