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Analysts at Sterne Agee assumed coverage on shares of Centene Corp (NYSE:CNC) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $87.00 price target on the stock. Sterne Agee’s price target suggests a potential upside of 16.26% from the stock’s previous close.

Centene Corp (NYSE:CNC) traded down 0.76% during mid-day trading on Friday, hitting $74.26. The stock had a trading volume of 436,132 shares. Centene Corp has a one year low of $51.57 and a one year high of $77.68. The stock’s 50-day moving average is $73.11 and its 200-day moving average is $64.25. The company has a market cap of $4.283 billion and a P/E ratio of 24.49.

Centene Corp (NYSE:CNC) last released its earnings data on Tuesday, April 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of Centene Corp from $81.00 to $89.00 in a research note on Thursday. They now have an “outperform” 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 on Tuesday. They now have a $80.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Centene Corp in a research note on Monday, June 16th. They now have a $83.00 price target on the stock, up previously from $72.00. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.32.

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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