At the time of writing, Centene Corp [CNC] stock is trading at $58.00, up 1.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNC shares have gain 0.09% over the last week, with a monthly amount drifted -1.02%, 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 December 10, 2024, when Jefferies downgraded its rating to a Underperform and also revised its price target to $52 from $68. Previously, Jefferies downgraded its rating to Hold on July 24, 2024, and dropped its price target to $69. On May 30, 2024, Robert W. Baird initiated with a Neutral rating and assigned a price target of $83 on the stock. Stephens downgraded its rating to a Equal-Weight and decreased its price target to $85 on March 21, 2024. Barclays initiated its recommendation with a Overweight and recommended $101 as its price target on March 06, 2024. Wells Fargo upgraded its rating to Overweight for this stock on January 02, 2024, and upped its price target to $90. In a note dated September 05, 2023, BofA Securities upgraded an Neutral rating on this stock and revised its target price from $79 to $72.
For the past year, the stock price of Centene Corp fluctuated between $55.03 and $81.42. Currently, Wall Street analysts expect the stock to reach $81.5 within the next 12 months. Centene Corp [NYSE: CNC] shares were valued at $58.00 at the most recent close of the market. An investor can expect a potential return of 40.52% based on the average CNC price forecast.
Analyzing the CNC fundamentals
According to Centene Corp [NYSE:CNC], the company’s sales were 161.73B for trailing twelve months, which represents an 10.46% jump. Gross Profit Margin for this corporation currently stands at 0.13% 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 0.04, 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 57.17 points at the first support level, and at 56.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.10, and for the 2nd resistance point, it is at 60.19.
Ratios To Look Out For
It is important to note that Centene Corp [NYSE:CNC] has a current ratio of 1.10. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 10.06.
Transactions by insiders
Recent insider trading involved Asher Andrew Lynn, Chief Financial Officer, that happened on Nov 13 ’24 when 17200.0 shares were purchased. Chief Executive Officer, LONDON SARAH completed a deal on Nov 08 ’24 to buy 4117.0 shares. Meanwhile, Director COUGHLIN CHRISTOPHER J sold 878.0 shares on May 14 ’24.
