The stock of Centene Corp (NYSE:CNC) last traded at $59.42, up 2.45% from the previous session.
CNC stock price is now -4.57% away from the 50-day moving average and -16.06% away from the 200-day moving average. The market capitalization of the company currently stands at $30.73B.
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With the price target enhanced from $79 to $80, UBS Upgraded its rating from Neutral to Buy for Centene Corp (NYSE: CNC). On December 10, 2024, Jefferies Downgraded its previous ‘Hold’ rating to ‘Underperform’ on the stock reducing its target price from $68 to quote $52, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Asher Andrew Lynn, Chief Financial Officer bought 17,200 shares of the company’s stock on Nov 13 ’24. The stock was bought for $1,000,008 at an average price of $58.14. Upon completion of the transaction, the Chief Financial Officer now directly owns 486,847 shares in the company, valued at $28.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Chief Executive Officer LONDON SARAH bought 4,117 shares of the business’s stock. A total of $250,314 was incurred on buying the stock at an average price of $60.80. This leaves the insider owning 667,229 shares of the company worth $39.65 million. A total of 1.09% of the company’s stock is owned by insiders.
During the past 12 months, Centene Corp has had a low of $55.03 and a high of $81.42. According to the stock market information, the enterprise value for the company is $30137077760, which is based on a 10.30 price-to-earnings ratio, a 0.97 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for CNC is $62.2648 and a two-hundred day moving average price translates $70.7847 for the stock.
The latest earnings results from Centene Corp (NYSE: CNC) was released for 2024-09-30. The net profit margin was 1.90% and return on equity was 11.66% for CNC. The company reported revenue of $42.02 billion for the quarter, compared to $38.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.46 percent.
