Headlines about Centene Corporation (NYSE:CNC) have been trending positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centene Corporation earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave headlines about the company an impact score of 28 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Watching Historical Performance for Centene Corporation (NYSE:CNC) – Jonesboro Recorder (jonesbororecorder.com)
- Centene Corporation (CNC) Receives “Neutral” Rating from Credit Suisse Group (americanbankingnews.com)
- Centene Corporation (CNC) Given “Overweight” Rating at Cantor Fitzgerald (americanbankingnews.com)
- Centene Corp (CNC) Ichimoku Reveals Positive Momentum – Evergreen Caller (evergreencaller.com)
- Can Centene Corp (CNC)’s Tomorrow be Different? The Stock Formed a Bullish Wedge Up Pattern – WeeklyHub (weeklyhub.com)
Shares of Centene Corporation (NYSE CNC) traded down 0.39% during midday trading on Tuesday, reaching $78.32. The company’s stock had a trading volume of 1,228,833 shares. The company has a market capitalization of $13.49 billion, a P/E ratio of 19.28 and a beta of 0.55. The company’s 50-day moving average price is $76.11 and its 200 day moving average price is $68.51. Centene Corporation has a 12-month low of $50.00 and a 12-month high of $79.50.
Centene Corporation (NYSE:CNC) last released its quarterly earnings data on Tuesday, April 25th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Centene Corporation had a return on equity of 14.19% and a net margin of 1.57%. The business had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $11.44 billion. During the same quarter last year, the business posted $0.74 EPS. The business’s revenue was up 68.6% on a year-over-year basis. On average, equities research analysts forecast that Centene Corporation will post $4.77 earnings per share for the current year.
Several equities research analysts have issued reports on the company. ValuEngine downgraded Centene Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price objective (up previously from $88.00) on shares of Centene Corporation in a research report on Monday. Credit Suisse Group reiterated a “neutral” rating and set a $81.00 price objective (up previously from $78.00) on shares of Centene Corporation in a research report on Monday. Stifel Nicolaus increased their price objective on Centene Corporation from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded Centene Corporation from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, April 27th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Centene Corporation presently has an average rating of “Buy” and a consensus target price of $80.89.
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In other news, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $72.43, for a total value of $301,815.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Keith H. Williamson sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $70.03, for a total value of $420,180.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,728 shares of company stock valued at $2,117,100. Company insiders own 3.00% of the company’s stock.
Centene Corporation Company Profile
Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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