Centene Corp.’s Hold Rating Reaffirmed at Jefferies Group (CNC)
Centene Corp. (NYSE:CNC)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research note issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $63.00 price target on the stock. Jefferies Group’s price target points to a potential downside of 2.72% from the company’s current price.
A number of other firms have also recently commented on CNC. Analysts at JPMorgan Chase & Co. raised their price target on shares of Centene Corp. (NYSE:CNC) from $50.00 to $60.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Wedbush reiterated a “buy” rating on shares of Centene Corp. (NYSE:CNC) in a research note to investors on Monday, September 16th. They now have a $67.00 price target on the stock. Finally, 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.
Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $60.80.
Centene Corp. (NYSE:CNC) traded up 5.83% on Tuesday, hitting $64.76. The stock had a trading volume of 1,149,161 shares. Centene Corp. has a 1-year low of $34.73 and a 1-year high of $64.96. The stock’s 50-day moving average is $58.3 and its 200-day moving average is $51.93. The company has a market cap of $3.538 billion and a P/E ratio of 45.49.
Centene Corp. (NYSE:CNC) last released its earnings data on Tuesday, July 23rd. The company reported $0.77 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.16) earnings per share. Centene Corp.’s revenue was up 29.1% compared to the same quarter last year. On average, analysts predict that Centene Corp. will post $2.80 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.
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