At the time of writing, Cigna Group [CI] stock is trading at $285.03, up 0.91%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CI shares have gain 1.92% over the last week, with a monthly amount drifted -3.06%, and not seem to be holding up well over a long-time horizon.
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 $262.03 and $370.83. Currently, Wall Street analysts expect the stock to reach $318.74 within the next 12 months. Cigna Group [NYSE: CI] shares were valued at $285.03 at the most recent close of the market. An investor can expect a potential return of 11.83% based on the average CI price forecast.
Analyzing the CI fundamentals
According to Cigna Group [NYSE:CI], the company’s sales were 229.75B for trailing twelve months, which represents an 28.02% jump. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.01%, 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 0.07 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 0.78.
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 282.02 points at the first support level, and at 279.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 286.87, and for the 2nd resistance point, it is at 288.71.
Ratios To Look Out For
It is important to note that Cigna Group [NYSE:CI] has a current ratio of 0.86. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 26.88.
Transactions by insiders
Recent insider trading involved DeLaney William J III, Director, that happened on Aug 19 ’24 when 2691.0 shares were sold. Director, DeLaney William J III completed a deal on Aug 19 ’24 to buy 2691.0 shares. Meanwhile, Jones Nicole S sold 22030.0 shares on Aug 12 ’24.
