Stocks of Centene Corp (NYSE:CNC) traded higher last session on Wall Street, down -0.91% to $60.73.
CNC stock price is now -0.75% away from the 50-day moving average and -11.35% away from the 200-day moving average. The market capitalization of the company currently stands at $30.66B.
On December 13, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $79 to quote $80, while ‘Jefferies’ rates the stock as ‘Underperform’
In other news, Greco Thomas, Director bought 17,000 shares of the company’s stock on Dec 18 ’24. The stock was bought for $1,015,750 at an average price of $59.75. Upon completion of the transaction, the Director now directly owns 19,309 shares in the company, valued at $1.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Director Dallas H James bought 1,693 shares of the business’s stock. A total of $99,904 was incurred on buying the stock at an average price of $59.01. This leaves the insider owning 1,693 shares of the company worth $0.1 million. A total of 1.09% of the company’s stock is owned by insiders.
During the past 12 months, Centene Corp has had a low of $55.03 and a high of $81.42. According to the stock market information, the enterprise value for the company is $32863348736, which is based on a 9.73 price-to-earnings ratio, a 1.15 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for CNC is $61.1554 and a two-hundred day moving average price translates $68.5671 for the stock.
The latest earnings results from Centene Corp (NYSE: CNC) was released for 2024-09-30. The net profit margin was 2.03% and return on equity was 12.65% for CNC. The company reported revenue of $42.02 billion for the quarter, compared to $38.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.46 percent. For the current quarter, analysts expect CNC to generate $42.33B in revenue.
