Shares of Centene Corporation (NYSE:CNC) have been given a consensus recommendation of “Buy” by the twenty-one analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $94.88.
Several analysts have recently weighed in on CNC shares. Zacks Investment Research lowered shares of Centene Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Bank of America Corporation raised their price objective on shares of Centene Corporation from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Credit Suisse Group reaffirmed a “neutral” rating and set a $81.00 price objective (up previously from $78.00) on shares of Centene Corporation in a report on Monday, June 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective (up previously from $88.00) on shares of Centene Corporation in a report on Monday, June 19th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $111.00 price objective (up previously from $95.00) on shares of Centene Corporation in a report on Thursday, September 14th.
Shares of Centene Corporation (NYSE CNC) traded up 0.68% during trading on Friday, hitting $98.01. The stock had a trading volume of 1,113,783 shares. Centene Corporation has a one year low of $50.00 and a one year high of $98.72. The stock’s 50-day moving average price is $91.09 and its 200 day moving average price is $80.65. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 28.59 and a beta of 0.68.
Centene Corporation (NYSE:CNC) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.29. The company had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.69 billion. Centene Corporation had a net margin of 1.72% and a return on equity of 14.62%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. On average, equities analysts forecast that Centene Corporation will post $4.92 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Centene Corporation (CNC) Receives Consensus Recommendation of “Buy” from Analysts” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/10/07/centene-corporation-cnc-receives-consensus-recommendation-of-buy-from-analysts.html.
In other Centene Corporation news, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.59, for a total value of $344,152.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher D. Bowers sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $79.43, for a total transaction of $317,720.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware bought a new position in Centene Corporation in the second quarter valued at approximately $101,000. Seven Bridges Advisors LLC bought a new position in Centene Corporation in the second quarter valued at approximately $123,000. IFP Advisors Inc boosted its stake in Centene Corporation by 9.6% in the second quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock valued at $155,000 after acquiring an additional 170 shares during the last quarter. MV Capital Management Inc. bought a new position in Centene Corporation in the second quarter valued at approximately $186,000. Finally, Sii Investments Inc. WI bought a new position in Centene Corporation in the second quarter valued at approximately $202,000. 92.35% of the stock is currently owned by hedge funds and other institutional investors.
About Centene Corporation
Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
Receive News & Ratings for Centene Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Centene Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.