Centene Corp. Price Target Increased to $63.00 by Analysts at Jefferies Group (CNC)
Equities research analysts at Jefferies Group raised their target price on shares of Centene Corp. (NYSE:CNC) to $63.00 in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential upside of 2.67% from the company’s current price.
A number of other analysts have also recently weighed in on CNC. Analysts at Barclays Capital reiterated a “buy” rating on shares of Centene Corp. (NYSE:CNC) in a research note to investors on Wednesday, August 21st. They now have a $68.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Centene Corp. (NYSE:CNC) from $65.00 to $67.00 in a research note to investors on Wednesday, August 21st. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Centene Corp. (NYSE:CNC) from $46.00 to $60.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock.
Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.13.
Centene Corp. (NYSE:CNC) traded up 0.92% on Monday, hitting $61.36. The stock had a trading volume of 255,149 shares. Centene Corp. has a one year low of $34.73 and a one year high of $61.16. The stock’s 50-day moving average is $57.46 and its 200-day moving average is $51.08. The company has a market cap of $3.352 billion and a P/E ratio of 45.20.
Centene Corp. (NYSE:CNC) last released its earnings data on Tuesday, July 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. On average, analysts predict that Centene Corp. will post $2.79 earnings per share for the current fiscal year.
Centene Corporation is a multi-line healthcare enterprise, which provides programs and services to the number of under-insured and uninsured individuals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.