Why Today Is the Best Time to Buy Centene Corporation [CNC] Stock at $64.57

Centene Corporation [CNC] shares are up more than 5.89% this year and recently decreased -0.0% or -$0.03 to settle at $64.57. Analysts expect CNC to grow earnings at a 13.04% annual rate over the next 5 years. CNC has a short ratio of 2.86. This implies that the market is currently less bullish on the outlook for CNC.

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On 7, December 2020, Centene Appoints Brent Layton to Executive Vice President, Markets, Products, International, and Chief Business Development Officer. According to news published on Yahoo Finance, Centene Corporation (NYSE: CNC) today announced that Brent Layton has been appointed to Executive Vice President, Markets, Products, International, and Chief Business Development Officer, effective January 1, 2021. Mr. Layton will continue to report to Michael F. Neidorff, Chairman, President and Chief Executive Officer for Centene.

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 elevated 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 $82.93. At the most recent market close, shares of Centene Corporation [NYSE:CNC] were valued at $64.57. According to the average price forecast, investors can expect a potential return of 1.29%.


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 63.93 points at 1st support level, the second support level is making up to 63.30. But as of 1st resistance point, this stock is sitting at 65.07 and at 65.58 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 17.95 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.