Centene Corp. Sets New 1-Year High at $67.06 (CNC)
Centene Corp. (NYSE:CNC) set a new 52-week high during mid-day trading on Monday, StockRatingsNetwork.com reports. The stock traded as high as $67.06 and last traded at $66.19, with a volume of 719,194 shares. The stock had previously closed at $66.08.
CNC has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Centene Corp. from $63.00 to $71.00 in a research note to investors on Wednesday, October 16th. They now have a “hold” rating on the stock. Separately, analysts at Zacks upgraded shares of Centene Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. They now have a $66.90 price target on the stock. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of Centene Corp. in a research note to investors on Wednesday, October 9th. They now have a $60.00 price target on the stock, up previously from $55.00. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $62.68.
Centene Corp. has a 52 week low of $37.48 and a 52 week high of $67.06. The stock’s 50-day moving average is $62.73 and its 200-day moving average is $54.62. The company has a market cap of $3.612 billion and a price-to-earnings ratio of 49.13.
Centene Corp. (NYSE:CNC) last released its earnings data 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 revenue for the quarter 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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