Centene Corp [CNC] stock prices are up 0.89% to $63.17 at the moment. 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 4.28% over the last week, with a monthly amount glided 11.29%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, UBS upgraded its rating to Buy on December 13, 2024, and elevated its price target to $80. On December 10, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $52 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $69 on July 24, 2024. Robert W. Baird initiated its recommendation with a Neutral and recommended $83 as its price target on May 30, 2024. Stephens downgraded its rating to Equal-Weight for this stock on March 21, 2024, and downed its price target to $85. In a note dated March 06, 2024, Barclays initiated an Overweight rating and provided a target price of $101 on this stock.
The stock price of Centene Corp [CNC] has been fluctuating between $55.03 and $81.42 over the past year. Currently, Wall Street analysts expect the stock to reach $81.5 within the next 12 months. Centene Corp [NYSE: CNC] shares were valued at $63.17 at the most recent close of the market. An investor can expect a potential return of 29.02% based on the average CNC price forecast.
Analyzing the CNC fundamentals
The Centene Corp [NYSE:CNC] reported sales of 161.73B for trailing twelve months, representing a surge of 10.46%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
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 62.05 points at the first support level, and at 60.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.95, and for the 2nd resistance point, it is at 64.73.
Ratios To Look Out For
It’s worth pointing out that Centene Corp [NYSE:CNC]’s Current Ratio is 1.10. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 10.96.
Transactions by insiders
Recent insider trading involved Greco Thomas, Director, that happened on Dec 18 ’24 when 17000.0 shares were purchased. Director, Dallas H James completed a deal on Dec 16 ’24 to buy 1693.0 shares. Meanwhile, Director BLUME JESSICA L. bought 250.0 shares on Dec 16 ’24.
