A share price of Centene Corp. [CNC] is currently trading at $75.15, up 1.90%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNC shares have gain 6.25% over the last week, with a monthly amount drifted -3.51%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Centene Corp. [NYSE: CNC] stock has seen the most recent analyst activity on March 21, 2024, when Stephens downgraded its rating to a Equal-Weight and also revised its price target to $85 from $92. Previously, Barclays started tracking the stock with Overweight rating on March 06, 2024, and set its price target to $101. On January 02, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $90 on the stock. BofA Securities upgraded its rating to a Neutral and decreased its price target to $72 on September 05, 2023. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $73 on August 30, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on July 12, 2023. In a note dated June 20, 2023, UBS initiated an Neutral rating and provided a target price of $72 on this stock.
Centene Corp. experienced fluctuations in its stock price throughout the past year between $60.83 and $81.42. Currently, Wall Street analysts expect the stock to reach $93.79 within the next 12 months. Centene Corp. [NYSE: CNC] shares were valued at $75.15 at the most recent close of the market. An investor can expect a potential return of 24.8% based on the average CNC price forecast.
Analyzing the CNC fundamentals
Trailing Twelve Months sales for Centene Corp. [NYSE:CNC] were 154.00B which represents 10.96% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.03 points at the first support level, and at 72.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.81, and for the 2nd resistance point, it is at 76.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Centene Corp. [NYSE:CNC] is 1.11. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 15.30.
Transactions by insiders
Recent insider trading involved Robinson Lori Jean, Director, that happened on Feb 13 ’24 when 10000.0 shares were sold. President, FASOLA KENNETH J completed a deal on Feb 07 ’24 to sell 12000.0 shares. Meanwhile, Director Robinson Lori Jean sold 1400.0 shares on Apr 27 ’23.
