At the time of writing, Cigna Group [CI] stock is trading at $346.54, up 0.84%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CI shares have gain 3.20% over the last week, with a monthly amount glided 3.71%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cigna Group [NYSE: CI] stock has seen the most recent analyst activity on June 26, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $400. Previously, Robert W. Baird started tracking the stock with Outperform rating on May 30, 2024, and set its price target to $388. On March 06, 2024, Barclays initiated with a Overweight rating and assigned a price target of $393 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $354 on February 05, 2024. Cantor Fitzgerald upgraded its rating to a Overweight and raised its price target to $372 on February 05, 2024. Deutsche Bank upgraded its rating to Buy for this stock on February 01, 2024, and upped its price target to $370. In a note dated January 04, 2024, Bernstein upgraded an Outperform rating on this stock and boosted its target price from $330 to $372.
For the past year, the stock price of Cigna Group fluctuated between $253.95 and $365.71. Currently, Wall Street analysts expect the stock to reach $318.74 within the next 12 months. Cigna Group [NYSE: CI] shares were valued at $346.54 at the most recent close of the market. An investor can expect a potential drop of -8.02% based on the average CI price forecast.
Analyzing the CI fundamentals
According to Cigna Group [NYSE:CI], the company’s sales were 204.15B for trailing twelve months, which represents an 19.28% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.79.
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 343.59 points at the first support level, and at 340.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 348.98, and for the 2nd resistance point, it is at 351.41.
Ratios To Look Out For
It is important to note that Cigna Group [NYSE:CI] has a current ratio of 0.83. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 2.39 and price to earnings (TTM) ratio is 28.45.
Transactions by insiders
Recent insider trading involved Evanko Brian C, that happened on Jun 24 ’24 when 4795.0 shares were sold. Director, Granger Elder completed a deal on Jun 17 ’24 to sell 547.0 shares. Meanwhile, Director Granger Elder sold 1000.0 shares on Jun 12 ’24.
