Currently, there are 534.48M common shares owned by the public and among those 528.13M shares have been available to trade.
The company’s stock has a 5-day price change of -2.16% and -8.64% over the past three months. CNC shares are trading -10.81% year to date (YTD), with the 12-month market performance down to -1.87% lower. It has a 12-month low price of $60.83 and touched a high of $81.42 over the same period. CNC has an average intraday trading volume of 3.76 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.26%, -8.80%, and -10.12% respectively.
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Institutional ownership of Centene Corp. (NYSE: CNC) shares accounts for 98.31% of the company’s 534.48M shares outstanding.
It has a market capitalization of $35.32B and a beta (3y monthly) value of 0.50. The stock’s trailing 12-month PE ratio is 13.15, while the earnings-per-share (ttm) stands at $5.03. The company has a PEG of 1.05 and the debt-to-equity ratio at 0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.05% over the week and 2.16% over the month.
Earnings per share for the fiscal year are expected to increase by 2.48%, and 10.84% over the next financial year. EPS should shrink at an annualized rate of 12.51% over the next five years, compared to 17.00% over the past 5-year period.
Looking at the support for the CNC, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on May 30, 2024, with the firm’s price target at $83. Stephens coverage for the Centene Corp. (CNC) stock in a research note released on March 21, 2024 offered a Equal-Weight rating with a price target of $85. Barclays was of a view on March 06, 2024 that the stock is Overweight, while Wells Fargo gave the stock Overweight rating on January 02, 2024, issuing a price target of $82- $90. BofA Securities on their part issued Neutral rating on September 05, 2023.
