Centene (NYSE:CNC) Now Covered by Robert W. Baird

Robert W. Baird began coverage on shares of Centene (NYSE:CNCFree Report) in a report published on Thursday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $83.00 price objective on the stock.

CNC has been the subject of a number of other research reports. Wells Fargo & Company lifted their target price on Centene from $89.00 to $93.00 and gave the stock an overweight rating in a report on Monday, April 15th. StockNews.com raised Centene from a buy rating to a strong-buy rating in a report on Monday, April 29th. Cantor Fitzgerald reaffirmed an overweight rating and set a $90.00 target price on shares of Centene in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Centene from $81.00 to $82.00 and gave the stock a hold rating in a report on Tuesday, April 30th. Finally, Oppenheimer reaffirmed an outperform rating and set a $110.00 target price on shares of Centene in a report on Monday, April 29th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $84.93.

Get Our Latest Analysis on CNC

Centene Price Performance

Shares of NYSE CNC opened at $71.59 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $38.20 billion, a PE ratio of 14.23, a P/E/G ratio of 0.89 and a beta of 0.41. The business has a 50-day simple moving average of $74.88 and a two-hundred day simple moving average of $75.62. Centene has a fifty-two week low of $60.83 and a fifty-two week high of $81.42.

Centene (NYSE:CNCGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.17. The business had revenue of $40.41 billion during the quarter, compared to the consensus estimate of $36.43 billion. Centene had a return on equity of 14.19% and a net margin of 1.76%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $2.11 earnings per share. As a group, equities analysts expect that Centene will post 6.82 EPS for the current fiscal year.

Insider Transactions at Centene

In other news, Director Christopher J. Coughlin sold 878 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.75, for a total transaction of $67,386.50. Following the completion of the transaction, the director now directly owns 25,504 shares of the company’s stock, valued at approximately $1,957,432. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, President Kenneth J. Fasola sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $77.62, for a total transaction of $620,960.00. Following the completion of the transaction, the president now directly owns 300,357 shares of the company’s stock, valued at approximately $23,313,710.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher J. Coughlin sold 878 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $76.75, for a total value of $67,386.50. Following the completion of the transaction, the director now directly owns 25,504 shares of the company’s stock, valued at $1,957,432. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. QV Investors Inc. grew its holdings in Centene by 12.3% in the 4th quarter. QV Investors Inc. now owns 305,277 shares of the company’s stock valued at $22,655,000 after buying an additional 33,350 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in Centene by 23.6% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,215,997 shares of the company’s stock valued at $90,239,000 after buying an additional 231,931 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Centene by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 947,577 shares of the company’s stock valued at $70,320,000 after buying an additional 51,878 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of Centene during the 4th quarter worth $2,349,000. Finally, National Bank of Canada FI grew its holdings in shares of Centene by 3.9% during the 4th quarter. National Bank of Canada FI now owns 452,438 shares of the company’s stock worth $34,761,000 after purchasing an additional 17,120 shares during the period. 93.63% of the stock is owned by institutional investors and hedge funds.

About Centene

(Get Free Report)

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support.

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Analyst Recommendations for Centene (NYSE:CNC)

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