Centene Corp. (CNC) concluded trading on Thursday at a closing price of $78.43, with 4.83 million shares of worth about $378.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.71% during that period and on Thursday the price saw a gain of about 0.05%. Currently the company’s common shares owned by public are about 534.48M shares, out of which, 529.34M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 606,862 shares in 33 of the transactions. In 12 selling transactions, insiders dumped 26,982 shares.
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Stock saw a price change of -2.05% in past 5 days and over the past one month there was a price change of 4.77%. Year-to-date (YTD), CNC shares are showing a performance of 5.69% which increased to 14.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.83 but also hit the highest price of $81.42 during that period. The average intraday trading volume for Centene Corp. shares is 3.18 million. The stock is currently trading 1.16% above its 20-day simple moving average (SMA20), while that difference is up 2.71% for SMA50 and it goes to 11.54% higher than SMA200.
Centene Corp. (NYSE: CNC) currently have 534.48M outstanding shares and institutions hold larger chunk of about 94.91% of that.
The stock has a current market capitalization of $41.95B and its 3Y-monthly beta is at 0.38. PE ratio of stock for trailing 12 months is 15.96, while it has posted earnings per share of $4.91 in the same period. Its PEG reads 1.36 while making debt-to-equity ratio of 0.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNC, volatility over the week remained 1.66% while standing at 1.93% over the month.
Analysts are in expectations that Centene Corp. (CNC) stock would likely to be making an EPS of $2.15 in the current quarter, while forecast for next quarter EPS is $1.96 and it is $7.59 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.9 which is $2.59 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.35% while it is estimated to increase by 11.97% in next year. EPS is likely to shrink at an annualized rate of 11.71% for next 5-years, compared to annual growth of 17.00% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on January 02, 2024 offering an Overweight rating for the stock and assigned a target price range of between $82 and $90 to it. Coverage by BofA Securities stated Centene Corp. (CNC) stock as a Neutral in their note to investors on September 05, 2023, suggesting a price target of $72 for the stock. Stock get a Neutral rating from UBS on June 20, 2023.
