In yesterday’s Wall Street session, Centene Corp. (NYSE:CNC) shares traded at $69.30, up 1.20% from the previous session.
CNC stock price is now -7.47% away from the 50-day moving average and -6.63% away from the 200-day moving average. The market capitalization of the company currently stands at $36.45B.
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With the price target reduced from $83 to $69, Jefferies Downgraded its rating from Buy to Hold for Centene Corp. (NYSE: CNC). On May 30, 2024, Robert W. Baird recently initiated its ‘Neutral’ rating on the stock quoting a target price of $83, while ‘Stephens’ rates the stock as ‘Equal-Weight’
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 $20.81 million. A total of 1.06% of the company’s stock is owned by insiders.
During the past 12 months, Centene Corp. has had a low of $63.45 and a high of $81.42. According to the stock market information, the enterprise value for the company is $33973878784, which is based on a 13.15 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for CNC is $75.0144 and a two-hundred day moving average price translates $74.2463 for the stock.
The latest earnings results from Centene Corp. (NYSE: CNC) was released for 2024-06-30. The net profit margin was 1.79% and return on equity was 10.65% for CNC. The company reported revenue of $39.84 billion for the quarter, compared to $37.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.92 percent.
