Stocks of Centene Corp (NYSE:CNC) traded higher last session on Wall Street, down -0.87% to $61.58.
CNC stock price is now 3.07% away from the 50-day moving average and -5.46% away from the 200-day moving average. The market capitalization of the company currently stands at $30.55B.
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With the price target maintained at $64, Jefferies recently Upgraded its rating from Underperform to Hold for Centene Corp (NYSE: CNC). , while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, FASOLA KENNETH J, Officer bought 8,500 shares of the company’s stock on Mar 21 ’25. The stock was bought for $501,970 at an average price of $59.06. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, Director Greco Thomas bought 17,000 shares of the business’s stock. A total of $1,015,750 was incurred on buying the stock at an average price of $59.75. This leaves the insider owning 19,309 shares of the company worth $1.19 million. A total of 1.23% 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 $80.59. According to the stock market information, the enterprise value for the company is $33390389248, which is based on a 9.86 price-to-earnings ratio, a 1.06 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for CNC is $59.7464 and a two-hundred day moving average price translates $65.13615 for the stock.
The latest earnings results from Centene Corp (NYSE: CNC) was released for 2024-12-31. The net profit margin was 2.03% and return on equity was 12.65% for CNC. The company reported revenue of $40.8 billion for the quarter, compared to $39.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.41 percent. For the current quarter, analysts expect CNC to generate $43.25B in revenue.
