For its first fiscal quarter (ending March 31), The Cigna Group (NYSE: CI) has reported a -123% decline in E.P.S. from $4.28 a year ago to $-0.97 in the current quarter. This performance was $-8.05 short of the consensus estimate of $7.08. For the latest four quarters through March 31, E.P.S. were $12.31 compared to $22.26 a year ago — a decline of -45%.
Recent Price Action
The Cigna Group (NYSE: CI) stock closed at $344.50 on 5/2/24 after a decline of -3.6%. Moreover, trading volume in this decline was exceptionally high at 209% of normal. The stock has been strong relative to the market over the last nine months but has declined -2.2% during the last week.
Current PriceTarget Research Rating
CI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
CIGNA Group has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. CIGNA Group has a neutral Appreciation Score of 55 but a good Power Rating of 80, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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