A number of different analysts have additionally just lately commented on CNC. Credit score Suisse Group lifted their value goal on Centene from $104.00 to $106.00 and gave the corporate an “outperform” score in a report on Monday, December nineteenth. Barclays lowered their value goal on Centene from $107.00 to $100.00 and set an “chubby” score for the corporate in a report on Monday, October third. Argus lifted their value goal on Centene from $95.00 to $99.00 in a report on Wednesday, December 14th. Cowen lowered their value goal on Centene from $108.00 to $101.00 in a report on Thursday, September twenty second. Lastly, Cowen lowered their value goal on Centene from $108.00 to $101.00 in a analysis word on Thursday, September twenty second. One funding analyst has rated the inventory with a promote score, two have assigned a maintain score and twelve have issued a purchase score to the inventory. Primarily based on information from MarketBeat, the corporate presently has a mean score of “Reasonable Purchase” and a mean value goal of $101.56.
Centene Worth Efficiency
Centene stock traded down $0.61 throughout noon buying and selling on Monday, reaching $81.63. 61,156 shares of the corporate have been exchanged, in comparison with its common quantity of three,194,568. The corporate has a market capitalization of $46.22 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 1.07 and a beta of 0.58. The agency’s 50-day easy shifting common is $82.79 and its 200-day easy shifting common is $85.11. Centene has a 1 yr low of $73.19 and a 1 yr excessive of $98.53. The corporate has a debt-to-equity ratio of 0.71, a fast ratio of 1.06 and a present ratio of 1.06.
Centene (NYSE:CNC – Get Rating) final posted its quarterly earnings information on Tuesday, October twenty fifth. The corporate reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The agency had income of $35.84 billion in the course of the quarter, in comparison with analysts’ expectations of $35.45 billion. Centene had a return on fairness of 13.08% and a internet margin of 1.42%. The agency’s quarterly income was up 10.6% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the enterprise posted $1.26 EPS. On common, analysts anticipate that Centene will submit 5.72 EPS for the present yr.
Centene introduced that its board has initiated a inventory repurchase program on Friday, December sixteenth that permits the corporate to buyback $2.00 billion in excellent shares. This buyback authorization permits the corporate to repurchase as much as 4.3% of its inventory via open market purchases. Inventory buyback packages are typically an indication that the corporate’s management believes its shares are undervalued.
Institutional Traders Weigh In On Centene
A number of hedge funds and different institutional traders have just lately purchased and offered shares of CNC. Vanguard Group Inc. elevated its holdings in shares of Centene by 1.8% within the 1st quarter. Vanguard Group Inc. now owns 63,607,238 shares of the corporate’s inventory valued at $5,355,094,000 after buying an extra 1,121,697 shares over the last quarter. Capital World Traders elevated its holdings in shares of Centene by 7.9% within the 1st quarter. Capital World Traders now owns 50,535,746 shares of the corporate’s inventory valued at $4,254,604,000 after buying an extra 3,683,887 shares over the last quarter. BlackRock Inc. elevated its holdings in shares of Centene by 1.7% within the 1st quarter. BlackRock Inc. now owns 41,847,249 shares of the corporate’s inventory valued at $3,523,119,000 after buying an extra 689,076 shares over the last quarter. Worth T Rowe Associates Inc. MD elevated its holdings in shares of Centene by 2.8% within the third quarter. Worth T Rowe Associates Inc. MD now owns 31,270,675 shares of the corporate’s inventory valued at $2,433,266,000 after buying an extra 855,690 shares over the last quarter. Lastly, JPMorgan Chase & Co. elevated its holdings in shares of Centene by 12.1% within the 2nd quarter. JPMorgan Chase & Co. now owns 29,944,019 shares of the corporate’s inventory valued at $2,533,562,000 after buying an extra 3,223,590 shares over the last quarter. 93.28% of the inventory is at the moment owned by hedge funds and different institutional traders.
Centene Firm Profile
Centene Company operates as a multi-national healthcare enterprise that gives packages and providers to under-insured and uninsured people in america. Its Managed Care phase provides well being plan protection to people via authorities sponsored packages, together with Medicaid, the State youngsters’s medical insurance program, long-term providers and help, foster care, and medicare-medicaid plans, which cowl dually eligible people, in addition to aged, blind, or disabled packages.
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