Cincinnati Financial Corp. [CINF] stock prices are up 0.08% to $117.38 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CINF shares have gain 4.41% over the last week, with a monthly amount glided 9.09%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Cincinnati Financial Reports Fourth-Quarter and Full-Year 2023 Results. In a post published today on Yahoo Finance, Cincinnati Financial Corporation (Nasdaq: CINF) today reported:.
From an analyst’s perspective:
Previously, Citigroup started tracking the stock with Neutral rating on November 22, 2023, and set its price target to $110. On November 16, 2023, Oppenheimer initiated with a Perform rating. Keefe Bruyette upgraded its rating to a Outperform. BofA Securities upgraded its rating to a Buy and raised its price target to $117 on May 18, 2023. BMO Capital Markets started tracking with a Market Perform rating for this stock on January 20, 2023, and assigned it a price target of $106. In a note dated September 27, 2022, BofA Securities initiated an Neutral rating and provided a target price of $92 on this stock.
The stock price of Cincinnati Financial Corp. [CINF] has been fluctuating between $95.01 and $119.38 over the past year. Currently, Wall Street analysts expect the stock to reach $127.5 within the next 12 months. Cincinnati Financial Corp. [NASDAQ: CINF] shares were valued at $117.38 at the most recent close of the market. An investor can expect a potential return of 8.62% based on the average CINF price forecast.
Analyzing the CINF fundamentals
The Cincinnati Financial Corp. [NASDAQ:CINF] reported sales of 10.01B for trailing twelve months, representing a surge of 7.77%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 116.70 points at the first support level, and at 116.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 118.07, and for the 2nd resistance point, it is at 118.75.
Cincinnati Financial Corp. [CINF] reported earnings per share of $2.28 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.95/share, meaning a difference of $0.33 and a surprise factor of 16.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.66 per share as compared to estimates of $1.15 per share, a difference of $0.51 representing a surprise of 44.30%.
Ratios To Look Out For
It’s worth pointing out that Cincinnati Financial Corp. [NASDAQ:CINF]’s Current Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 10.06.
Transactions by insiders
Recent insider trading involved Debbink Dirk J, Director, that happened on Dec 05 ’23 when 2000.0 shares were purchased. Director, Debbink Dirk J completed a deal on Oct 30 ’23 to buy 1000.0 shares. Meanwhile, Director Benacci Nancy Cunningham bought 1000.0 shares on Sep 12 ’23.
