Shares of Centene Corporation (NYSE:CNC) have earned an average rating of “Buy” from the twenty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $97.94.

Several research firms have recently weighed in on CNC. Deutsche Bank AG reissued a “buy” rating and set a $111.00 price target (up from $95.00) on shares of Centene Corporation in a report on Thursday, September 14th. Cowen and Company reissued a “buy” rating and set a $115.00 price target on shares of Centene Corporation in a report on Tuesday, October 24th. Cantor Fitzgerald reissued a “buy” rating and set a $107.00 price target on shares of Centene Corporation in a report on Tuesday, October 24th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $105.00 price target on shares of Centene Corporation in a report on Tuesday, October 24th. Finally, Zacks Investment Research raised Centene Corporation from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, September 15th.

In other Centene Corporation news, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $90.42, for a total transaction of $376,780.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of CNC. Ameriprise Financial Inc. raised its holdings in Centene Corporation by 318.6% during the second quarter. Ameriprise Financial Inc. now owns 3,504,359 shares of the company’s stock valued at $279,882,000 after acquiring an additional 2,667,189 shares during the period. AJO LP bought a new stake in Centene Corporation during the second quarter valued at about $100,314,000. Vanguard Group Inc. raised its holdings in Centene Corporation by 4.9% during the second quarter. Vanguard Group Inc. now owns 16,726,500 shares of the company’s stock valued at $1,336,113,000 after acquiring an additional 774,474 shares during the period. Numeric Investors LLC raised its holdings in Centene Corporation by 270.1% during the second quarter. Numeric Investors LLC now owns 1,001,500 shares of the company’s stock valued at $80,000,000 after acquiring an additional 730,900 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Centene Corporation during the second quarter valued at about $41,189,000. 92.86% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Centene Corporation (CNC) traded up 2.56% during mid-day trading on Wednesday, hitting $96.07. The company’s stock had a trading volume of 568,808 shares. The company has a market cap of $16.57 billion, a price-to-earnings ratio of 21.08 and a beta of 0.68. The stock’s 50 day moving average price is $94.23 and its 200 day moving average price is $83.63. Centene Corporation has a 52-week low of $50.00 and a 52-week high of $98.71.

Centene Corporation (NYSE:CNC) last issued its earnings results on Tuesday, October 24th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. Centene Corporation had a return on equity of 14.79% and a net margin of 1.81%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the business posted $1.12 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that Centene Corporation will post $4.97 EPS for the current year.

About Centene Corporation

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

Analyst Recommendations for Centene Corporation (NYSE:CNC)

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