Centene Corp. Rating Reiterated by JPMorgan Chase & Co. (CNC)
Centene Corp. (NYSE:CNC)‘s stock had its “hold” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, Analyst Ratings Network reports. They currently have a $60.00 target price on the stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 6.53% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Centene Corp. from $55.00 to $63.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Centene Corp. in a research note to investors on Tuesday, September 24th. They now have a $63.00 price target on the stock. Finally, analysts at Wedbush reiterated a “buy” rating on shares of Centene Corp. in a research note to investors on Monday, September 16th. They now have a $67.00 price target 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 has an average rating of “Buy” and a consensus price target of $61.53.
Shares of Centene Corp. (NYSE:CNC) traded down 0.96% during mid-day trading on Tuesday, hitting $64.19. 235,122 shares of the company’s stock traded hands. Centene Corp. has a 52-week low of $34.73 and a 52-week high of $66.61. The stock’s 50-day moving average is $60.34 and its 200-day moving average is $53.1. The company has a market cap of $3.507 billion and a price-to-earnings ratio of 48.19.
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. 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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