Centene Corp. Price Target Increased to $68.00 by Analysts at Jefferies Group (CNC)
Jefferies Group increased their price target on shares of Centene Corp. (NYSE:CNC) from $66.00 to $68.00 in a research note issued on Wednesday, American Banking News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential upside of 15.16% from the company’s current price.
Centene Corp. (NYSE:CNC) opened at 59.05 on Wednesday. Centene Corp. has a 52 week low of $34.73 and a 52 week high of $61.16. The stock has a 50-day moving average of $57.46 and a 200-day moving average of $51.08. The company has a market cap of $3.226 billion and a P/E ratio of 44.67.
Centene Corp. (NYSE:CNC) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.03. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Centene Corp. will post $2.83 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CNC. Analysts at Cantor Fitzgerald raised their price target on shares of Centene Corp. from $65.00 to $73.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Centene Corp. from $56.00 to $62.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Centene Corp. from $68.00 to $84.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $65.26.
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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