Over the past three months, Centene Corporation [CNC] ended the trading day at $65.96 and exhibited a change of -1.96% with a 24 hour trading and reached upto the volume of 3.57M compared to its recorded trading volume of 1.93 million. CNC generated a 1 year amount change with 11.06%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -4.96% with an amount shift of 0.61% over the last month.

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Analyst Birdseye View:

The most recent analyst activity for Centene Corporation [NYSE:CNC] stock was on July 01, 2020, when it was Initiated with an Outperform rating from SVB Leerink, which also raised its 12-month price target on the stock to $78. On February 05, 2020, JP Morgan Upgrade an Overweight rating and boosted its price target on this stock to $88. On February 03, 2020, Evercore ISI Resumed an Outperform rating and increased its price target to $90. On January 28, 2020, Bernstein Reiterated an Outperform rating and increased its price target to $103. On January 06, 2020, Wolfe Research Upgrade an Outperform rating. On September 12, 2019, Deutsche Bank Initiated a Buy rating. On May 10, 2019, Citigroup Upgrade a Buy rating and amplified its amount target to $69.

In the past 52 weeks of trading, this stock has oscillated between a low of $43.96 and a peak of $74.70. Right now, according to Wall Street analyst the average 12-month amount target is $82.68. At the most recent market close, shares of Centene Corporation [NYSE:CNC] were valued at $65.96. According to the average price forecast, investors can expect a potential return of 2.04%.

FUNDAMENTAL ANALYSIS

Centene Corporation [NYSE:CNC] most recently reported quarterly sales of 29.09 billion, which represented growth of 53.30%. This publicly-traded organization’s revenue is $1,318,710 per employee, while its income is $23,339 per employee. This company’s Gross Margin is currently 18.50%, its Operating Margin is 3.30%, its Pretax Margin is +2.39, and its Net Margin is +1.77. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.67, 11.26, 9.52 and 5.95 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 53.62 and the whole liability to whole assets at 35.39. It shows enduring liability to the whole principal at 52.70 and enduring liability to assets at 0.35 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 65.20 points at 1st support level, the second support level is making up to 64.43. But as of 1st resistance point, this stock is sitting at 67.46 and at 68.95 for 2nd resistance point.

Centene Corporation [CNC] reported its earnings at $1.26 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.97/share signifying the difference of 0.29 and 29.90% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $2.4 calling estimates for $2.38/share with the difference of 0.02 depicting the surprise of 0.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Centene Corporation [NYSE:CNC] is 1.30. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.35, it’s amount to book ratio is 2.08 and showing 18.34 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Burdick Kenneth A, EVP, Markets & Products, and it was the sale of 35000.0 shares on Nov 09. Hunter Jesse N, the EVP, M&A & Chief Strategy Ofcr, completed a sale of 22500.0 shares on Nov 09. On Nov 09, NEIDORFF MICHAEL F, Chairman, President & CEO, completed a sale of 0.3 million shares.