Piper Sandler raised the price target for the Cincinnati Financial Corporation (NASDAQ:CINF) stock from “an Underweight” to “a Neutral”. The rating was released on July 09, 2021. The research report from RBC Capital Mkts has upgraded the stock from Sector Perform to Outperform, with a price target set at $78. In their research brief published April 29, 2020, Credit Suisse analysts downgraded the Cincinnati Financial Corporation stock from Outperform to Neutral with a price target of $68.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Cincinnati Financial Corporation (NASDAQ:CINF) raised 4.49% to close Friday’s market session at $118.87, higher as compared to yesterday’s close. The stock price fluctuated between $115.486 and $118.99 throughout the trading session with the volume trading being 778776 shares, which represented a significant variation when compared to the three months average volume of 616.79K shares. The firm’s stock price fluctuated 0.81% within the last five trades and -1.87% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 35.57% in the last 6 months and 13.11% was added to its value over the previous 3 months. CINF stock is trading at a margin of 0.84%, 0.14% and 22.87% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CINF deals in the Financial domain. The stock is trading -4.42 percent below its 52-week high and 80.16 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 57.7. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cincinnati Financial Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 39.50 percent and the profit margin is 31.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $19.16 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Cincinnati Financial Corporation (NASDAQ:CINF) is 6.29. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 26.37. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.94 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.72, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.80 percent of Cincinnati Financial Corporation shares are owned by insiders, and 70.40 percent are held by financial institutions. Schiff Charles Odell, the Director at Cincinnati Financial Corporation (CINF) has sold 10,100 shares of firm on May 14 at a price of $119.82 against the total amount of $1.21 million. In another inside trade, Debbink Dirk J, Director of Cincinnati Financial Corporation (NASDAQ:CINF) bought 383 shares of the firm on Feb 12 for a total worth of $35083.0 at a price of $91.60. An inside trade which took place on Nov 16, Director of Cincinnati Financial Corporation Aaron Thomas J bought 2,500 shares of firm against total price of $0.2 million at the cost of $79.68 per share.