Centene Corp (NYSE:CNC)’s traded shares stood at 0.98 million during the latest session, with the company’s beta value hitting 0.47. At the last check today, the stock’s price was $56.20, to imply a decrease of -3.22% or -$1.87 in intraday trading. The CNC share’s 52-week high remains $80.59, putting it -43.4% down since that peak but still an impressive 2.08% since price per share fell to its 52-week low of $55.03.
Analysts have given a consensus recommendation of Buy for Centene Corp (CNC), translating to a mean rating of 2.09. Of 14 analyst(s) looking at the stock, 0 analyst(s) give CNC a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.06.
Centene Corp (NYSE:CNC) trade information
After registering a -3.22% downside in the latest session, Centene Corp (CNC) has traded red over the past five days. The 5-day price performance for the stock is -9.03%, and -8.74% over 30 days. With these gigs, the year-to-date price performance is -7.23%.
The extremes give us $69 and $69 for target low and target high price respectively. As such, CNC has been trading -22.78% off suggested target high and -22.78% from its likely low.
Centene Corp (CNC) estimates and forecasts
The rating firms project that company’s revenue will grow 10.12% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 44.71B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 44.88B.Earnings reports from the last fiscal year show that sales brought in 39.84B and 42.02B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.25% before jumping 6.80% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 14.96% for the past 5-year period. While 2025 is set for a 1.75% return in earnings, projections for the next 5 years are at 8.64% annually.
CNC Dividends
Centene Corp has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is BLACKROCK INC. with 47.44 million shares, or about 8.9578% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.15 billion.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Centene Corp (CNC) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 15.82 shares. This is just over 3.18% of the total shares, with a market valuation of $890.7 million. Data from the same date shows that the other fund manager holds a little less at 13.67, or 2.75% of the shares, all valued at about 769.16 million.
