Centene Corp Receives Average Rating of “Buy” from Brokerages (NYSE:CNC)
Shares of Centene Corp (NYSE:CNC) have received an average rating of “Buy” from the twenty ratings firms that are presently covering the stock, Analyst Ratings Network reports. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $83.89.
Shares of Centene Corp (NYSE:CNC) traded up 0.69% during mid-day trading on Tuesday, hitting $75.90. The stock had a trading volume of 88,642 shares. Centene Corp has a 52 week low of $54.12 and a 52 week high of $81.98. The stock has a 50-day moving average of $75.29 and a 200-day moving average of $69.09. The company has a market cap of $4.447 billion and a price-to-earnings ratio of 23.83.
Centene Corp (NYSE:CNC) last released its earnings data on Tuesday, July 22nd. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 48.5% on a year-over-year basis. Analysts expect that Centene Corp will post $3.83 EPS for the current fiscal year.
A number of research firms have recently commented on CNC. Analysts at Zacks downgraded shares of Centene Corp from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $84.00 price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Centene Corp from $80.00 to $85.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, 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, July 29th. They now have a “neutral” rating on the stock.
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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