Centene Corp (NYSE:CNC) has a beta value of 0.46 and has seen 3.25 million shares traded in the recent trading session. The company, currently valued at $14.90B, closed the recent trade at $29.94 per share which meant it lost -$0.06 on the day or -0.20% during that session. The CNC stock price is -169.17% off its 52-week high price of $80.59 and -0.13% below the 52-week low of $29.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.15 million shares traded. The 3-month trading volume is 8.46 million shares.
The consensus among analysts is that Centene Corp (CNC) is Buy stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 14 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight.
Centene Corp (NYSE:CNC) trade information
Sporting -0.20% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CNC stock price touched $29.94 or saw a rise of 10.39%. Year-to-date, Centene Corp shares have moved -55.88%, while the 5-day performance has seen it change -9.52%. Over the past 30 days, the shares of Centene Corp (NYSE:CNC) have changed -45.78%. Short interest in the company has seen 9.31 million shares shorted with days to cover at 2.05.
Wall Street analysts have a consensus price target for the stock at $51, which means that the shares’ value could jump 41.29% from the levels at last check today.. The projected low price target is $45.0 while the price target rests at a high of $69.0. In that case, then, we find that the latest price level in today’s session is -130.46% off the targeted high while a plunge would see the stock gain -50.3% from the levels at last check today..
Centene Corp (CNC) estimates and forecasts
The company’s shares have lost -53.00% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.96% over the past 5 years. Earnings growth for 2025 is a modest -56.36% while over the next 5 years, the company’s earnings are expected to increase by 5.76%.
CNC Dividends
Centene Corp is expected to release its next earnings report on 2025-Apr-25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Centene Corp (NYSE:CNC)’s Major holders
Insiders own 0.46% of the company shares, while shares held by institutions stand at 99.81% with a share float percentage of 100.28%. Investors are also buoyed by the number of investors in a company, with Centene Corp having a total of 1291.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 60.72 million shares worth more than $4.03 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.4647% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 47.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.15 billion and represent 8.9578% of shares outstanding.
