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Cigna (CI) Receives a Buy from Guggenheim

Tipranks - Tue May 5, 6:20AM CDT

In a report released on May 1, Jason Cassorla from Guggenheim maintained a Buy rating on Cigna, with a price target of $338.00. The company’s shares closed last Friday at $282.90.

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Cassorla covers the Healthcare sector, focusing on stocks such as Cigna, Tenet Healthcare, and Universal Health. According to TipRanks, Cassorla has an average return of -1.3% and a 51.85% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cigna with a $340.53 average price target, implying a 20.37% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $338.00 price target.

Based on Cigna’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $68.49 billion and a net profit of $1.65 billion. In comparison, last year the company earned a revenue of $65.5 billion and had a net profit of $1.32 billion

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