News headlines about Centene Corporation (NYSE:CNC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Centene Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.5694917623272 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Centene Corporation (CNC) Ownership Down in Latest Report from Norges Bank – Highlight Press (highlightpress.com)
- Three Years After Michael Brown’s Death Ferguson Has New Leadership, Contentious Debates And Hope (finance.yahoo.com)
- Centene Corporation (CNC) stock stream of 0.27% – Stocks Gallery (stocksgallery.com)
- Centene CEO: Health-care subsidies in limbo (finance.yahoo.com)
- ETFs with exposure to Centene Corp. : August 8, 2017 (finance.yahoo.com)
CNC has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Centene Corporation from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Cantor Fitzgerald restated a “buy” rating and issued a $88.00 price target (up previously from $85.00) on shares of Centene Corporation in a research report on Tuesday, April 25th. Jefferies Group LLC restated a “buy” rating and issued a $79.00 price target on shares of Centene Corporation in a research report on Wednesday, April 19th. Zacks Investment Research upgraded Centene Corporation from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, April 27th. Finally, BidaskClub cut Centene Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. Centene Corporation presently has a consensus rating of “Buy” and an average target price of $86.82.
Centene Corporation (NYSE CNC) traded down 0.75% during midday trading on Thursday, hitting $82.11. The stock had a trading volume of 89,321 shares. The company has a market cap of $14.16 billion, a P/E ratio of 18.02 and a beta of 0.66. The firm’s 50-day moving average price is $82.22 and its 200 day moving average price is $74.31. Centene Corporation has a 12 month low of $50.00 and a 12 month high of $87.94.
Centene Corporation (NYSE:CNC) last posted its earnings results on Tuesday, July 25th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.29. The company had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.69 billion. Centene Corporation had a return on equity of 14.62% and a net margin of 1.72%. Centene Corporation’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. On average, analysts expect that Centene Corporation will post $4.92 earnings per share for the current fiscal year.
In other news, EVP Christopher D. Bowers sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $79.43, for a total transaction of $317,720.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark J. Brooks sold 2,161 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.43, for a total value of $163,004.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,578 shares of company stock valued at $4,264,757. 3.00% of the stock is owned by company insiders.
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About Centene Corporation
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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