At the time of writing, Centene Corp. [CNC] stock is trading at $66.12, 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 lost -2.48% over the last week, with a monthly amount drifted -2.82%, 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 July 24, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $69 from $83. Previously, Robert W. Baird started tracking the stock with Neutral rating on May 30, 2024, and set its price target to $83. On March 21, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $85 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $101 on March 06, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $90 on January 02, 2024. BofA Securities upgraded its rating to Neutral for this stock on September 05, 2023, and downed its price target to $72. In a note dated August 30, 2023, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $94 to $73.
For the past year, the stock price of Centene Corp. fluctuated between $60.83 and $81.42. Currently, Wall Street analysts expect the stock to reach $93.07 within the next 12 months. Centene Corp. [NYSE: CNC] shares were valued at $66.12 at the most recent close of the market. An investor can expect a potential return of 40.76% based on the average CNC price forecast.
Analyzing the CNC fundamentals
According to Centene Corp. [NYSE:CNC], the company’s sales were 155.52B for trailing twelve months, which represents an 3.90% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 65.07 points at the first support level, and at 64.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.78, and for the 2nd resistance point, it is at 67.44.
Ratios To Look Out For
It is important to note that Centene Corp. [NYSE:CNC] has a current ratio of 1.17. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 13.13.
Transactions by insiders
Recent insider trading involved COUGHLIN CHRISTOPHER J, Director, that happened on May 14 ’24 when 878.0 shares were sold. President, FASOLA KENNETH J completed a deal on May 13 ’24 to sell 8000.0 shares. Meanwhile, Director Robinson Lori Jean sold 10000.0 shares on Feb 13 ’24.
