Centene Corp [NYSE: CNC] surged by $0.56 during the normal trading session on while it closed the day at $63.17.
Centene Corp stock has also gained 4.28% of its value over the past 7 days. However, CNC stock has declined by -11.45% in the 3 months of the year. Over the past six months meanwhile, it has lost -5.24% and gained 4.28% year-on date.
The market cap for CNC stock reached $31.89 billion, with 510.08 million shares outstanding and 499.34 million shares in the current float. Compared to the average trading volume of 6.29M shares, CNC reached a trading volume of 5163864 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $78.16 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 2.00. 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.
JP Morgan have made an estimate for Centene Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $79 to $80. The new note on the price target was released on December 13, 2024, representing the official price target for Centene Corp stock. Previously, the target price had yet another drop from $68 to $52, while Jefferies kept a Underperform rating on CNC stock. On July 24, 2024, analysts decreased their price target for CNC shares from 83 to 69.
The Average True Range (ATR) for Centene Corp is set at 1.66, with the Price to Sales ratio for CNC stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 1.18. Price to Free Cash Flow for CNC in the course of the last twelve months was 130.17.
CNC stock trade performance evaluation
Centene Corp [CNC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.28. With this latest performance, CNC shares gained by 11.29% in over the last four-week period, additionally sinking by -5.24% over the last 6 months – not to mention a drop of -17.70% 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 64.26, with the RSI for the last a single of trading hit 74.10, and the three-weeks RSI is set at 57.50 for Centene Corp [CNC]. The present Moving Average for the last 50 days of trading for this stock 60.17, while it was recorded at 62.09 for the last single week of trading, and 69.43 for the last 200 days.
Centene Corp [CNC]: An insightful look at the core fundamentals
Centene Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for Centene Corp [CNC] stock
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 10.68%.
Centene Corp [CNC]: Institutional Ownership
There are presently around $99.70%, or 99.96%% of CNC stock, in the hands of institutional investors. The top three institutional holders of CNC stocks are: VANGUARD GROUP INC with ownership of 60.72 million shares, which is approximately 11.3467%. BLACKROCK INC., holding 47.44 million shares of the stock with an approximate value of $$3.15 billion in CNC stocks shares; and BLACKROCK INC., currently with $$2.33 billion in CNC stock with ownership which is approximately 6.5557%.
