Cincinnati Financial Corp. (CINF) stock price forecast predicts $131.25 value

A share price of Cincinnati Financial Corp. [CINF] is currently trading at $126.01, down -0.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CINF shares have gain 3.79% over the last week, with a monthly amount glided 10.72%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cincinnati Financial Corp. [NASDAQ: CINF] stock has seen the most recent analyst activity on June 28, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $135 from $126. Previously, BMO Capital Markets upgraded its rating to Outperform on March 25, 2024, and elevated its price target to $135. On December 14, 2023, Janney initiated with a Neutral rating. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $110 on November 22, 2023. Oppenheimer initiated its recommendation with a Perform. Keefe Bruyette upgraded its rating to Outperform for this stock on July 11, 2023. In a note dated May 18, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $113 to $117.

Cincinnati Financial Corp. experienced fluctuations in its stock price throughout the past year between $96.86 and $128.17. Currently, Wall Street analysts expect the stock to reach $131.25 within the next 12 months. Cincinnati Financial Corp. [NASDAQ: CINF] shares were valued at $126.01 at the most recent close of the market. An investor can expect a potential return of 4.16% based on the average CINF price forecast.

Analyzing the CINF fundamentals

Trailing Twelve Months sales for Cincinnati Financial Corp. [NASDAQ:CINF] were 10.71B which represents 30.97% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.2 and Total Capital is 0.12. 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 125.12 points at the first support level, and at 124.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.56, and for the 2nd resistance point, it is at 129.12.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Cincinnati Financial Corp. [NASDAQ:CINF] is 0.54. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 8.39.

Transactions by insiders

Recent insider trading involved Osborn David P, Director, that happened on Apr 29 ’24 when 2000.0 shares were purchased. Director, Debbink Dirk J completed a deal on Apr 29 ’24 to buy 1000.0 shares. Meanwhile, Director Debbink Dirk J bought 2000.0 shares on Dec 05 ’23.

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