Centene Corp. [NYSE: CNC] stock went on an upward path that rose over 0.89% on Thursday, amounting to a one-week price increase of more than 0.73%.
Over the last 12 months, CNC stock dropped by -0.75%. The one-year Centene Corp. stock forecast points to a potential upside of 22.67. The average equity rating for CNC stock is currently 2.04, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $35.89 billion, with 534.48 million shares outstanding and 528.35 million shares in the current float. Compared to the average trading volume of 3.71M shares, CNC stock reached a trading volume of 3937939 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Centene Corp. [CNC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNC shares is $86.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNC stock is a recommendation set at 2.04. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Centene Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 30, 2024. While these analysts kept the previous recommendation, Stephens dropped their target price from $92 to $85. The new note on the price target was released on March 21, 2024, representing the official price target for Centene Corp. stock. Previously, the target price had yet another raise to $101, while Barclays analysts kept a Overweight rating on CNC stock. On January 02, 2024, analysts increased their price target for CNC shares from 82 to 90.
The Average True Range (ATR) for Centene Corp. is set at 1.49, with the Price to Sales ratio for CNC stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 1.33. Price to Free Cash Flow for CNC in the course of the last twelve months was 13.79.
CNC Stock Performance Analysis:
Centene Corp. [CNC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.73. With this latest performance, CNC shares dropped by -3.71% in over the last four-week period, additionally sinking by -13.79% over the last 6 months – not to mention a drop of -0.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNC stock in for the last two-week period is set at 44.51, with the RSI for the last a single of trading hit 49.85, and the three-weeks RSI is set at 42.71 for Centene Corp. [CNC]. The present Moving Average for the last 50 days of trading for this stock 71.35, while it was recorded at 66.44 for the last single week of trading, and 73.58 for the last 200 days.
Insight into Centene Corp. Fundamentals:
Centene Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.17.
CNC Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Centene Corp. go to 12.51%.
Centene Corp. [CNC] Institutonal Ownership Details
The top three institutional holders of CNC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CNC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CNC stock with ownership which is approximately 5.1238%.
