In yesterday’s Wall Street session, Centene Corp. (NYSE:CNC) shares traded at $77.14, down -1.22% from the previous session.
CNC stock price is now 2.26% away from the 50-day moving average and 6.05% away from the 200-day moving average. The market capitalization of the company currently stands at $41.17B.
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With the price target reduced from $92 to $85, Stephens Downgraded its rating from Overweight to Equal-Weight for Centene Corp. (NYSE: CNC). On March 06, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $101, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, FASOLA KENNETH J, President sold 8,000 shares of the company’s stock on May 13 ’24. The stock was sold for $620,960 at an average price of $77.62. Upon completion of the transaction, the President now directly owns 300,357 shares in the company, valued at $23.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’24, Director Robinson Lori Jean sold 10,000 shares of the business’s stock. A total of $774,100 was realized by selling the stock at an average price of $77.41. This leaves the insider owning 11,455 shares of the company worth $0.88 million. A total of 1.04% of the company’s stock is owned by insiders.
During the past 12 months, Centene Corp. has had a low of $60.83 and a high of $81.42.
According to the Healthcare Plans Company, earnings per share came in at 2.1, beating analysts’ expectations of 2.03 by 0.07. This compares to $2.04 EPS in the same period last year. The net profit margin was 1.76% and return on equity was 10.52% for CNC. The company reported revenue of $40.41 billion for the quarter, compared to $38.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.9 percent. For the current quarter, analysts expect CNC to generate $36.22B in revenue.
