In the latest trading session,, 1.56 million Centene Corp (NYSE:CNC) shares changed hands as the company’s beta touched 0.44. With the company’s most recent per share price at $56.38 changing hands around $2.1 or 3.87% at last look, the market valuation stands at $28.05B. CNC’s current price is a discount, trading about -42.94% off its 52-week high of $80.59. The share price had its 52-week low at $52.93, which suggests the last value was 6.12% up since then. When we look at Centene Corp’s average trading volume, we note the 10-day average is 5.6 million shares, with the 3-month average coming to 5.04 million.
Analysts gave the Centene Corp (CNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.14. If we narrow down to specifics, the data shows that 0 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended CNC as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Centene Corp’s EPS for the current quarter is expected to be 2.05.
Centene Corp (NYSE:CNC) trade information
Instantly CNC is in green as seen in intraday trades today. With action 4.31%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -16.31%, with the 5-day performance at 4.31% in the green. However, in the 30-day time frame, Centene Corp (NYSE:CNC) is -0.11% down. Looking at the short shares, we see there were 9.31 million shares sold at short interest cover period of 2.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 69, meaning bulls need an upside of 18.29% from its recent market value. According to analyst projections, CNC’s forecast low is 69 with 69 as the target high. To hit the forecast high, the stock’s price needs a -22.38% plunge from its current level, while the stock would need to soar -22.38% for it to hit the projected low.
Centene Corp (CNC) estimates and forecasts
Year-over-year growth is forecast to reach 10.23% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 44.71B. 11 analysts are of the opinion that Centene Corp’s revenue for the current quarter will be 44.88B. The company’s revenue for the corresponding quarters a year ago was 39.84B and 42.02B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.25%. The estimates for the next quarter sales put growth at 6.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.96%. The 2025 estimates are for Centene Corp earnings to increase by 1.48%, but the outlook for the next 5-year period is at 8.12% per year.
CNC Dividends
Centene Corp is expected to release its next quarterly earnings report on 2025-Apr-25.
Centene Corp (NYSE:CNC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.46% of Centene Corp shares while 99.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.28%. There are 99.81% institutions holding the Centene Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.4647% of the shares, roughly 60.72 million CNC shares worth $4.03 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.9578% or 47.44 million shares worth $3.15 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 15.65 shares estimated at $890.91 million under it, the former controlled 3.15% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.77% of the shares, roughly 13.78 shares worth around $784.16 million.
