Centene Corp Given New $88.00 Price Target at Susquehanna (CNC)
Investment analysts at Susquehanna hoisted their price objective on shares of Centene Corp (NYSE:CNC) from $85.00 to $88.00 in a note issued to investors on Monday. Susquehanna’s price target indicates a potential upside of 14.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on CNC. Analysts at Morgan Stanley initiated coverage on shares of Centene Corp in a research note on Friday, June 27th. They set a “buy” rating and a $87.00 price target on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Centene Corp in a research note on Friday, June 27th. They set a “buy” rating and a $87.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Centene Corp from $81.00 to $89.00 in a research note on Thursday, June 26th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.39.
Shares of Centene Corp (NYSE:CNC) traded up 0.71% on Monday, hitting $77.10. 518,040 shares of the company’s stock traded hands. Centene Corp has a 52-week low of $54.07 and a 52-week high of $80.83. The stock’s 50-day moving average is $75.32 and its 200-day moving average is $65.83. The company has a market cap of $4.447 billion and a P/E ratio of 25.06.
Centene Corp (NYSE:CNC) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.57 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.42 earnings per share. Centene Corp’s revenue was up 31.9% compared to the same quarter last year. Analysts expect that Centene Corp will post $3.72 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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