Centene Corp. Reaches New 12-Month High at $65.05 (CNC)
Centene Corp. (NYSE:CNC)’s share price reached a new 52-week high during trading hours on Tuesday, American Banking News reports. The company traded as high as $65.05 and last traded at $64.59, with a volume of 182,781 shares traded. The stock had previously closed at $63.96.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Centene Corp. (NYSE:CNC) in a research note to investors on Tuesday, September 24th. They now have a $63.00 price target on the stock. Separately, 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, September 24th. They now have a “neutral” rating on the stock. Finally, 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.80.
Centene Corp. has a 1-year low of $34.73 and a 1-year high of $65.05. The stock’s 50-day moving average is $59.37 and its 200-day moving average is $52.5. The company has a market cap of $3.549 billion and a P/E ratio of 47.55.
Centene Corp. (NYSE:CNC) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. Analysts expect that Centene Corp. will post $2.80 EPS 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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