Centene Corp [NYSE: CNC] stock went on a downward path that fall over -6.20% on Tuesday, amounting to a one-week price decrease of less than -1.19%.
Over the last 12 months, CNC stock dropped by -24.06%. The one-year Centene Corp stock forecast points to a potential upside of 22.88. The average equity rating for CNC stock is currently 2.09, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $29.34 billion, with 497.52 million shares outstanding and 491.83 million shares in the current float. Compared to the average trading volume of 4.94M shares, CNC stock reached a trading volume of 8661414 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 $76.47 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 2.09. 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.
Jefferies have made an estimate for Centene Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 08, 2025. The new note on the price target was released on February 06, 2025, representing the official price target for Centene Corp stock. Previously, the target price had yet another drop from $80 to $75, while JP Morgan kept a Overweight rating on CNC stock. On December 13, 2024, analysts increased their price target for CNC shares from 79 to 80.
The Average True Range (ATR) for Centene Corp is set at 2.26, with the Price to Sales ratio for CNC stock in the period of the last 12 months amounting to 0.17. The Price to Book ratio for the last quarter was 1.05. Price to Free Cash Flow for CNC in the course of the last twelve months was 19.67.
CNC Stock Performance Analysis:
Centene Corp [CNC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.19. With this latest performance, CNC shares dropped by -7.66% in over the last four-week period, additionally sinking by -5.68% over the last 6 months – not to mention a drop of -24.06% 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 44.10, with the RSI for the last a single of trading hit 40.41, and the three-weeks RSI is set at 46.00 for Centene Corp [CNC]. The present Moving Average for the last 50 days of trading for this stock 60.41, while it was recorded at 61.99 for the last single week of trading, and 64.73 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 1.11.
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 8.64%.
Centene Corp [CNC] Institutonal Ownership Details
There are presently around $101.21%, or 101.67%% 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 11.4647%. 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 6.6239%.
