Cigna stock: buy or sell?
July 16th, 2019
Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally.
Should I buy Cigna stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Cigna stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Cigna stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we gathered 10 ratings published for CI stock in the last 30 days. The general sentiment of these ratings is bullish for CI stock, with 9 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-5-3||Goldman Sachs Group||Conviction-Buy||Buy|
|2019-1-3||Wells Fargo & Co||n/a||Market Perform|
|2019-1-3||Raymond James||Market Perform||Outperform|
Cigna stock analysis
Cigna grew a nice 1.63% and closed at $179.92.
Cigna shares grew 1.63% to $179.92 today. From a daily perspective, CI is in a short term uptrend after plotting its last bottom ($159.30, on Wednesday) higher than the previous bottom, and its last top ($185.77, on Thursday) also over the previous top. Now trading in between its last bottom and last top CI might consolidate in a plain range, waiting to break out over $185.77 or down under $159.30. Since price and SMA200d lines crossed down on February, CI fell $-13.80 per share (-7.12%).
After boosting an exceptional 8.80% in a week last week, Cigna closed this week at $179.92 and remained stable a tiny 0.40%. Counting this, it's been 3 green weeks in a row, gaining $22.37 or 13.88%.
In a weekly time frame, Cigna stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, CI might consolidate in a flat-base, waiting to break out over or down under .
Cigna stock price history
Cigna stock went public on March 31st, 1982 with a price of $1.531. Since then, CI stock surged a 11,659.50%, with a yearly average of 315.10%. If you had invested right after CI's IPO a $1,000 in Cigna stock in 1982, it would worth $116,595.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Cigna stock historical price chart
CI stock reached 52-week highs on December at $226.55, and all-time highs 2018-01-29 with a price of 227.02.
Cigna stock price target is $223.20How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' CI stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 5 price predictions for CI stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-12||Morgan Stanley||Lowers Target||$241.00||$207.00||-14.1%|
|2019-2-5||Morgan Stanley||Lowers Target||$304.00||$299.00||-1.6%|
|2019-1-3||Wells Fargo & Co||Lowers Target||$221.00||$200.00||-9.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince May, when Cigna presented its last earnings report, it soared a very good 11.06%. As soon as we get its posted EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an astounding growth of 15.52% to $48,569.00 M USD. Nevertheless, its income margin (compared to sales) remained constant to 5.43%, that is $2,637.00 million. To have an updated view of the financial situation of Cigna, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Cigna TTM sales up to were $37,189.00 and income was $1,722.00 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Cigna business evolution since December 2018: Annual turnover up to , compared to lastest yearly report, plummed a chilling -23.43%. In contrary, profit margin (net income/sales) stayed constant at 5.43%.
|2013||$32,390 M||-||$1,480 M4.6%||-|
|2014||$34,914 M||7.79%||$2,102 M6.0%||42.03%|
|2015||$37,876 M||8.48%||$2,094 M5.5%||-0.38%|
|2016||$39,668 M||4.73%||$1,867 M4.7%||-10.84%|
|2017||$42,043 M||5.99%||$2,237 M5.3%||19.82%|
|2018||$48,569 M||15.52%||$2,637 M5.4%||17.88%|
|TTM||$37,189 M||-23.43%||$1,722 M4.6%||-34.70%|
Quarterly financial resultsCigna reported million in revenues for 2019-Q1, a -100.00% less compared to previous quarter. Reported quarter earnings marked million with a profit margin of . Profit margin stayed stable a 0.00% compared to previous quarter when profit margin was 1.01%. When comparing revenues to same quarter last year, Cigna sales marked a frightening decrease and collapsed a -100.00%.
|2017-Q1||$10,400 M||-||$598 M5.8%||-|
|2017-Q2||$10,320 M||-0.77%||$813 M7.9%||35.95%|
|2017-Q3||$10,382 M||0.60%||$560 M5.4%||-31.12%|
|2017-Q4||$10,228 M||-1.48%||$266 M2.6%||-52.50%|
|2018-Q1||$11,380 M||11.26%||$915 M8.0%||243.98%|
|2018-Q2||$11,477 M||0.85%||$806 M7.0%||-11.91%|
|2018-Q3||$11,457 M||-0.17%||$772 M6.7%||-4.22%|
|2018-Q4||$14,255 M||24.42%||$144 M1.0%||-81.35%|
Cigna ownershipWhen you are planning to invest in shares of a stock, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Cigna, 1.67% of all outstanding shares are owned by its staff.
Bearish positions for CI stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Cigna:
|Market cap||$68.3 B|
|Total shares||379.5 M|
|Float shares||378.5 M|
|- Institutional holdings (%)||90.2%|
|- Insider holdings (%)||1.7%|
|Shares in short selling||0.0%|
|Tuesday, July 16th, 2019|
|Day range||$176.76 - $182.11|
|Average true range||$4.97|
|50d mov avg||$158.06|
|100d mov avg||$161.35|
|200d mov avg||$182.04|
Cigna performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Cigna, the comparison is made against .
Cigna competitorsUnfortunately, we could not find any public company that could be defined as Cigna competitor. This doesn't mean Cigna does not have any competitor in the market, it's just we could not detected it.
Latest Cigna stock news
- Seeking AlphaCigna Bottomed This TimeJune 5, 2019
- Seeking AlphaBuy Cigna At A DiscountMarch 20, 2019
- InvestorPlaceCigna Earnings: CI Stock Takes a Hit on Poor GuidanceFebruary 1, 2019
- Seeking AlphaWhy You Should Invest In CignaOctober 4, 2018
- InvestorPlaceCigna’s Merger With Express Scripts Is Positive for Cigna StockSeptember 21, 2018