Centene Corp (NYSE:CNC) shares traded -0.96% lower at $58.04 on Wall Street last session.
CNC stock price is now -15.40% away from the 50-day moving average and -20.21% away from the 200-day moving average. The market capitalization of the company currently stands at $29.30B.
With the price target reduced from $83 to $69, Jefferies Downgraded its rating from Buy to Hold for Centene Corp (NYSE: CNC). On May 30, 2024, Robert W. Baird recently initiated its ‘Neutral’ rating on the stock quoting a target price of $83, while ‘Stephens’ rates the stock as ‘Equal-Weight’
In other news, Asher Andrew Lynn, Chief Financial Officer bought 17,200 shares of the company’s stock on Nov 13 ’24. The stock was bought for $1,000,008 at an average price of $58.14. Upon completion of the transaction, the Chief Financial Officer now directly owns 486,847 shares in the company, valued at $28.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Chief Executive Officer LONDON SARAH bought 4,117 shares of the business’s stock. A total of $250,314 was incurred on buying the stock at an average price of $60.80. This leaves the insider owning 667,229 shares of the company worth $38.73 million. A total of 1.04% of the company’s stock is owned by insiders.
During the past 12 months, Centene Corp has had a low of $58.56 and a high of $81.42. According to the stock market information, the enterprise value for the company is $29440364544, which is based on a 10.07 price-to-earnings ratio, a 1.58 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for CNC is $68.6066 and a two-hundred day moving average price translates $72.7431 for the stock.
The latest earnings results from Centene Corp (NYSE: CNC) was released for 2024-09-30. The net profit margin was 1.90% and return on equity was 11.66% 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.
