Share on StockTwits

Research analysts at Cantor Fitzgerald boosted their price target on shares of Centene Corp (NYSE:CNC) from $80.00 to $85.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 18.09% from the stock’s previous close.

Shares of Centene Corp (NYSE:CNC) traded down 0.15% on Thursday, hitting $71.98. 481,452 shares of the company’s stock traded hands. Centene Corp has a 52 week low of $54.12 and a 52 week high of $81.98. The stock’s 50-day moving average is $76.35 and its 200-day moving average is $67.57. The company has a market cap of $4.217 billion and a price-to-earnings ratio of 22.79.

Centene Corp (NYSE:CNC) last released its 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 $3.83 earnings per share for the current fiscal year.

CNC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Centene Corp from $71.00 to $78.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of Centene Corp from an “outperform” rating to a “market perform” rating in a research note on Friday, July 25th. Finally, analysts at Barclays raised their price target on shares of Centene Corp from $84.00 to $96.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $83.67.

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.