Economy

Centene Corporation (NYSE:CNC) Among Today's Most Volatile Stocks - Down by 3.33%

Several other analysts have also recently issued reports on CNC.

Centene Corporation had its "buy" rating reiterated by analysts at Deutsche Bank.

07/26/2017 - Centene Corporation had its "buy" rating reiterated by analysts at UBS. Zacks Investment Research cut Centene Corporation from a hold rating to a sell rating in a research note on Tuesday, July 4th.

Shares of Centene Corporation closed the previous trading session at with shares trading hands.

04/26/2017 - Centene Corporation had its "buy" rating reiterated by analysts at Jefferies. About shares traded. Centene Corp (NYSE:CNC) has risen 32.56% since October 18, 2016 and is uptrending. IFP Advisors Inc now owns 1,944 shares of the company's stock worth $155,000 after buying an additional 170 shares during the period. The company's P/E (price to earnings) ratio is 20.14 and Forward P/E ratio of 16.65. According to these analysts, the Low Revenue Estimate for Centene Corp.is 11.37 Billion and the High Revenue Estimate is 11.95 Billion. The firm's 50 day moving average is $92.66 and its 200 day moving average is $81.76.

Centene Corporation (NYSE:CNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported the earnings of $1.59/Share in the last quarter where the estimated EPS by analysts was $1.32/share. Centene Corporation had a net margin of 1.72% and a return on equity of 14.62%. The firm had revenue of $11.95 billion for the quarter, compared to analysts' expectations of $11.69 billion. The company's revenue for the quarter was up 9.7% compared to the same quarter a year ago. For the next 5 years, Centene Corp.is expecting Growth of 13.04% per annum, whereas in the past 5 years the growth was 57.43% per annum.

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09/13/2017 - Centene Corporation had its "market perform" rating reiterated by analysts at Leerink Swann.

Some buy side analysts are also providing their Analysis on Centene Corp., where 6 analysts have rated the stock as Strong buy, 5 analysts have given a Buy signal, 4 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Total shares outstanding is 178.42, with shares float coming to 167.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The insider GEPHARDT Richard A sold 4,350 shares worth $336,603. Meanwhile, the average 12-month price target from Wall Street analysts is now $103.40, this means that the stock is underpriced by 9.284%. Over a month, it has seen its stock price volatility to stay at 4.19% while shortening the period to a week, volatility was 3.38%.

Other hedge funds and other institutional investors have also modified their holdings of the company. The ability for Centene Corporation to pay for the *tba dividend yield is 0.00% payout ratio. State of Alaska, Department of Revenue now owns 6,718 shares worth $650,000. Thompson Davis Comm has 0.07% invested in Centene Corp (NYSE:CNC).

On 6/2/2017 Robert K. Ditmore, Director, sold 3,900 with an average share price of $75.43 per share and the total transaction amounting to $294,177.00. Keybank National Association OH grew its position in Centene Corporation by 1.1% in the 2nd quarter. IFP Advisors Inc lifted its holdings in Centene Corporation by 9.6% during the 2nd quarter. WI acquired a new stake in shares of Centene Corporation in the second quarter valued at about $202,000.

Centene Corporation is based in US, in the very big sector Healthcare. The Firm 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.



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