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Centene (CNC)
NYSE:CNC
Centene (CNC) Stock Price & Analysis
2,030 Followers
CNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$60.83 - $81.42
Previous Close$78.09
Volume4.56M
Average Volume (3M)3.29M
Market Cap
$41.67B
Enterprise Value$39.97B
Total Cash (Recent Filing)$19.65B
Total Debt (Recent Filing)$17.83B
Price to Earnings (P/E)15.5
Beta0.53
Next Earnings
Jul 26, 2024EPS Estimate
$1.98Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.03
Shares Outstanding533,656,000
10 Day Avg. Volume3,396,610
30 Day Avg. Volume3,294,159
Standard Deviation0.08
R-Squared0.07
Alpha0.00485
Financial Highlights & Ratios
Price to Book (P/B)18.81
Price to Sales (P/S)1.06
Price to Cash Flow (P/CF)47.30
P/FCF Ratio57.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.27
Enterprise Value/Gross Profit0.27
Enterprise Value/Ebitda7.12
Forecast
1Y Price Target
$91.56Price Target Upside18.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Centene News
Bulls Say, Bears Say
Bulls Say
EarningsQ1:24 adjusted EPS of $2.26 beat estimates significantly, reflecting the company's strong financial performance.
Market ValuationShares are trading near a trough 5-year relative multiple, indicating a potential valuation upside.
Marketplace PerformanceThe company continues to perform well in the Marketplace, where revenue and HBR exceeded estimates.
Bears Say
Competitive PositioningMedicaid and Medicare Advantage profitability uncertainties and the need to defend market share in upcoming RFPs present a difficult operating environment for the company, potentially affecting its competitive position.
Medicaid Managed CareThe stock was unlikely to work with a significant Caid MLR miss, indicating that the company's Medicaid managed care performance is weaker than expected, which could impact investor confidence.
Medicare Advantage OutlookMedicare Advantage is expected to lose money in the upcoming year, with management efforts on improving ratings and efficiency yet to prove successful, casting doubt on the segment's short-term profitability.
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Ownership Overview
3.18% Insiders
36.03% Mutual Funds
49.47% Other Institutional Investors
11.32% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CNC FAQ
What was Centene’s price range in the past 12 months?
Centene lowest stock price was $60.83 and its highest was $81.42 in the past 12 months.
What is Centene’s market cap?
Currently, no data Available
When is Centene’s upcoming earnings report date?
Centene’s upcoming earnings report date is Jul 26, 2024 which is in 70 days.
How were Centene’s earnings last quarter?
Centene released its earnings results on Apr 26, 2024. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.064 by $0.196.
Is Centene overvalued?
According to Wall Street analysts Centene’s price is currently Undervalued.
Does Centene pay dividends?
Centene does not currently pay dividends.
What is Centene’s EPS estimate?
Centene’s EPS estimate is $1.98.
How many shares outstanding does Centene have?
Centene has 533,656,000 shares outstanding.
What happened to Centene’s price movement after its last earnings report?
Centene reported an EPS of $2.26 in its last earnings report, beating expectations of $2.064. Following the earnings report the stock price went down -2.22%.
Which hedge fund is a major shareholder of Centene?
Among the largest hedge funds holding Centene’s share is Farallon Capital Management, L.L.C.. It holds Centene’s shares valued at 307M.
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Centene Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$91.56 (18.69% Upside)
$91.56 (18.69% Upside)
Blogger Sentiment
Bullish
CNC Sentiment 87%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 126.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $621.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.7%
Last 30 Days ▲ 1.5%
Last 30 Days ▲ 1.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.18%
12-Months-Change
Fundamentals
Return on Equity
10.52%
Trailing 12-Months
Asset Growth
-0.43%
Trailing 12-Months
Company Description
Centene
Centene Corporation is a diversified healthcare company that primarily engages in providing programs and services to the government sponsored healthcare programs. The company is also engaged in providing education and outreach programs to assist members in accessing quality and appropriate healthcare services.
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CNC Earnings Call
Q1 2024
0:00 / 0:00
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CNC Revenue Breakdown
88.08% Premium
9.03% Premium tax
2.90% Service
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CNC Stock 12 Month Forecast
Average Price Target
$91.56
▲(18.69% Upside)
Technical Analysis
Best Analysts Covering CNC
1 Year
1 Year Success Rate
38/50 ratings generated profit
1 Year Average Return
+19.63%
reiterated a buy rating 18 days ago
Copying Michael Wiederhorn's trades and holding each position for 1 Year would result in 76.00% of your transactions generating a profit, with an average return of +19.63% per trade.
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