Price Over Earnings Overview: Cigna Group
Portfolio Pulse from Benzinga Insights
Cigna Group Inc. (NYSE:CI) is currently trading at $281.27, after a 0.20% drop. Over the past month, the stock decreased by 3.92%, and in the past year, by 1.26%. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Health Care Providers & Services industry, which could indicate that the stock is undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability.
August 24, 2023 | 3:45 pm
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Cigna Group's stock has decreased by 3.92% over the past month. Its P/E ratio is lower than the industry average, which could suggest that the stock is undervalued or has weak growth prospects.
The decrease in Cigna Group's stock price and its lower P/E ratio compared to the industry average could suggest that the stock is undervalued. However, it could also indicate weak growth prospects or financial instability. Therefore, the potential impact on the stock price is neutral in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100