In yesterday’s Wall Street session, Centene Corp. (NYSE:CNC) shares traded at $67.80, down -1.90% from the previous session.
CNC stock price is now -4.54% away from the 50-day moving average and -7.81% away from the 200-day moving average. The market capitalization of the company currently stands at $36.18B.
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With the price target of $83, Robert W. Baird recently initiated with Neutral rating for Centene Corp. (NYSE: CNC). On March 21, 2024, Stephens Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $92 to quote $85, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, COUGHLIN CHRISTOPHER J, Director sold 878 shares of the company’s stock on May 14 ’24. The stock was sold for $67,382 at an average price of $76.75. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, President FASOLA KENNETH J sold 8,000 shares of the business’s stock. A total of $620,960 was realized by selling the stock at an average price of $77.62. This leaves the insider owning 300,357 shares of the company worth $20.36 million. A total of 0.99% 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 stock market information, the enterprise value for the company is $34620874752, which is based on a 13.47 price-to-earnings ratio, a 1.08 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for CNC is $70.8812 and a two-hundred day moving average price translates $73.53795 for the stock.
The latest earnings results from Centene Corp. (NYSE: CNC) was released for 2024-03-31. 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.
