Centene Corp. [CNC] stock prices are up 8.46% to $73.10 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CNC shares have gain 10.36% over the last week, with a monthly amount glided 7.94%, and 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.
The stock price of Centene Corp. [CNC] has been fluctuating between $60.83 and $81.42 over the past year. Currently, Wall Street analysts expect the stock to reach $93.07 within the next 12 months. Centene Corp. [NYSE: CNC] shares were valued at $73.10 at the most recent close of the market. An investor can expect a potential return of 27.32% based on the average CNC price forecast.
Analyzing the CNC fundamentals
The Centene Corp. [NYSE:CNC] reported sales of 157.75B for trailing twelve months, representing a surge of 5.92%. 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 of0.64.
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 70.03 points at the first support level, and at 66.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.44, and for the 2nd resistance point, it is at 77.79.
Ratios To Look Out For
It’s worth pointing out that Centene Corp. [NYSE:CNC]’s Current Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 13.87.
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.
