Cigna Group (CI) stock expected to decline by -18.24%: What’s driving the pessimism?

A share price of Cigna Group [CI] is currently trading at $363.09, down -0.27%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CI shares have gain 2.12% over the last week, with a monthly amount glided 9.05%, and seem to be holding up well over a long-time horizon.

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On 7, March 2024, The Cigna Group Raises Long-Term Growth Target, and Launches New Innovative Solutions at 2024 Investor Day. In a post published today on Yahoo Finance, Highlights:.

From an analyst’s perspective:

Cigna Group [NYSE: CI] stock has seen the most recent analyst activity on March 06, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $393. Previously, RBC Capital Mkts upgraded its rating to Outperform on February 05, 2024, and elevated its price target to $354. On February 05, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $372 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $370 on February 01, 2024. Bernstein upgraded its rating to a Outperform and raised its price target to $372 on January 04, 2024. Jefferies upgraded its rating to Buy for this stock on December 11, 2023, and upped its price target to $341. In a note dated August 18, 2023, Edward Jones downgraded an Hold rating on this stock.

Cigna Group experienced fluctuations in its stock price throughout the past year between $240.50 and $365.71. Currently, Wall Street analysts expect the stock to reach $296.86 within the next 12 months. Cigna Group [NYSE: CI] shares were valued at $363.09 at the most recent close of the market. An investor can expect a potential drop of -18.24% based on the average CI price forecast.

Analyzing the CI fundamentals

Trailing Twelve Months sales for Cigna Group [NYSE:CI] were 195.19B which represents 11.65% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.

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 359.90 points at the first support level, and at 356.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 365.46, and for the 2nd resistance point, it is at 367.84.

Cigna Group [CI] reported earnings per share of $6.79 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 $6.53/share, meaning a difference of $0.26 and a surprise factor of 4.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $6.77 per share as compared to estimates of $6.67 per share, a difference of $0.1 representing a surprise of 1.50%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Cigna Group [NYSE:CI] is 0.77. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 20.88.

Transactions by insiders

Recent insider trading involved Cordani David, Chairman & CEO, that happened on Mar 25 ’24 when 31209.0 shares were sold. Chairman & CEO, Cordani David completed a deal on Mar 22 ’24 to sell 6338.0 shares. Meanwhile, Chairman & CEO Cordani David sold 2293.0 shares on Mar 21 ’24.

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