Stocks of Centene Corp. (NYSE:CNC) traded higher last session on Wall Street, up 0.43% to $76.67.
According to the data, Centene Corp. (NYSE:CNC) has 19 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $72.00, we find $83.00. Given the previous closing price of $76.34, this indicates a potential upside of 8.72 percent. CNC stock price is now 6.91% away from the 50-day moving average and 13.20% away from the 200-day moving average. The market capitalization of the company currently stands at $40.96B.
A total of 10 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $84.71 as their price target over the next twelve months.
With the price target reduced from $79 to $72, BofA Securities Upgraded its rating from Underperform to Neutral for Centene Corp. (NYSE: CNC).
In other news, Robinson Lori Jean, Director sold 1,400 shares of the company’s stock on Apr 27. The stock was sold for $93,226 at an average price of $66.59. Upon completion of the transaction, the Director now directly owns 8,508 shares in the company, valued at $0.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17, Chief Executive Officer LONDON SARAH bought 30,000 shares of the business’s stock. A total of $1,878,000 was incurred on buying the stock at an average price of $62.60. This leaves the insider owning 313,953 shares of the company worth $24.07 million. Insiders disposed of 99,235 shares of company stock worth roughly $7.61 million over the past 1 year. A total of 1.06% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $75.86 for Centene Corp. (NYSE: CNC). During the past 12 months, Centene Corp. has had a low of $60.83 and a high of $86.06. According to the stock market information, the enterprise value for the company is $39.46B, which is based on a 17.23 price-to-earnings ratio, a 1.34 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for CNC is $71.71 and a two-hundred day moving average price translates $67.73 for the stock.
The latest earnings results from Centene Corp. (NYSE: CNC) was released for Sep, 2023. According to the Healthcare Plans Company, earnings per share came in at $2, beating analysts’ expectations of $1.57 by 0.43. This compares to $1.27 EPS in the same period last year. The net profit margin was 1.63% and return on equity was 9.65% for CNC. The company reported revenue of $38.04 billion for the quarter, compared to $35.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.07 percent. For the current quarter, analysts expect CNC to generate $36.21B in revenue.
