Jefferies Group Increases Centene Corp Price Target to $82.00 (CNC)
Stock analysts at Jefferies Group lifted their price objective on shares of Centene Corp (NYSE:CNC) from $72.00 to $82.00 in a report issued on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 2.53% from the company’s current price.
A number of other firms have also recently commented on CNC. Analysts at FBR Capital Markets raised their price target on shares of Centene Corp from $78.00 to $90.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Centene Corp in a research note on Wednesday, July 16th. They now have a $74.00 price target on the stock, up previously from $70.00. Finally, analysts at Susquehanna raised their price target on shares of Centene Corp from $85.00 to $88.00 in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $79.17.
Shares of Centene Corp (NYSE:CNC) opened at 79.98 on Wednesday. Centene Corp has a 1-year low of $54.12 and a 1-year high of $81.98. The stock’s 50-day moving average is $75.99 and its 200-day moving average is $66.75. The company has a market cap of $4.613 billion and a P/E ratio of 24.74.
Centene Corp (NYSE:CNC) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.09. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. On average, analysts predict that Centene Corp will post $3.73 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.
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