Centene Corp Reaches New 1-Year High at $74.60 (CNC)
Centene Corp (NYSE:CNC) shares hit a new 52-week high during trading on Friday , AR Network reports. The stock traded as high as $74.60 and last traded at $74.25, with a volume of 246,870 shares changing hands. The stock had previously closed at $73.75.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Centene Corp from $70.00 to $78.00 in a research note on Monday, May 19th. They now have an “outperform” rating on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Centene Corp in a research note on Friday, April 25th. They now have a $80.00 price target on the stock, up previously from $73.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Centene Corp in a research note on Wednesday, April 23rd. They now have a $67.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Centene Corp presently has an average rating of “Buy” and an average price target of $71.46.
The stock has a 50-day moving average of $66.57 and a 200-day moving average of $61.95. The company has a market cap of $4.295 billion and a P/E ratio of 24.14.
Centene Corp (NYSE:CNC) last released its earnings data on Tuesday, April 22nd. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.13. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 31.9% on a year-over-year basis. On average, analysts predict that Centene Corp will post $3.71 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.