Currently, there are 510.08M common shares owned by the public and among those 499.37M shares have been available to trade.
The company’s stock has a 5-day price change of -3.29% and -18.91% over the past three months. CNC shares are trading -19.94% year to date (YTD), with the 12-month market performance down to -20.66% lower. It has a 12-month low price of $57.20 and touched a high of $81.42 over the same period. CNC has an average intraday trading volume of 5.64 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 -1.05%, -8.32%, and -17.08% respectively.
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Institutional ownership of Centene Corp (NYSE: CNC) shares accounts for 98.31% of the company’s 510.08M shares outstanding.
It has a market capitalization of $29.99B and a beta (3y monthly) value of 0.46. The stock’s trailing 12-month PE ratio is 10.30, while the earnings-per-share (ttm) stands at $5.77. The company has a PEG of 0.96 and the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 2.82% over the month.
Analysts forecast that Centene Corp (CNC) will achieve an EPS of 0.5 for the current quarter, 2.33 for the next quarter and 7.21 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.44 while analysts give the company a high EPS estimate of 0.44. Comparatively, EPS for the current quarter was 0.45 a year ago. Earnings per share for the fiscal year are expected to increase by 0.66%, and 5.86% over the next financial year. EPS should shrink at an annualized rate of 10.68% 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. Jefferies stated their Hold rating for the stock in a research note on July 24, 2024, with the firm’s price target at $83-$69. Robert W. Baird coverage for the Centene Corp (CNC) stock in a research note released on May 30, 2024 offered a Neutral rating with a price target of $83. Stephens was of a view on March 21, 2024 that the stock is Equal-Weight, while Barclays gave the stock Overweight rating on March 06, 2024, issuing a price target of $101. Wells Fargo on their part issued Overweight rating on January 02, 2024.
