For its third fiscal quarter (ending September 30), The Cigna Group (NYSE: CI) has reported a -48% decline in E.P.S. from $9.07 a year ago to $4.74 in the current quarter. This performance was $-1.95 short of the consensus estimate of $6.69. For the latest four quarters through September 30, E.P.S. were $17.78 versus $21.01 for the same period a year ago — a decline of -15%.
Recent Price Action
The Cigna Group (NYSE: CI) stock closed at $318.89 on 11/2/23 after a large increase of 3.1%. The stock has been strong relative to the market over the last nine months and has risen 4.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CI is expected to continue to be an important Value Builder.
CIGNA Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. CIGNA Group has a slightly positive Appreciation Score of 62 and a good Power Rating of 77, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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