Headlines about Centene Corporation (NYSE:CNC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centene Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.5888723892161 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- UPDATE 1-Consumers sign up for Obamacare 2018 individual plans despite uncertainty (CNC, MOH, HCA) (uk.news.yahoo.com)
- ETFs with exposure to Centene Corp. : November 9, 2017 (finance.yahoo.com)
- Centene Corporation (CNC) Short Interest Update (americanbankingnews.com)
- Centene (CNC) a Strong Buy on Best-in-Class Quant Score – Investorplace.com (investorplace.com)
A number of research analysts have recently weighed in on CNC shares. Bank of America Corporation lifted their price target on Centene Corporation from $93.00 to $95.00 and gave the company a “buy” rating in a report on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and set a $94.00 price target on shares of Centene Corporation in a research note on Friday, July 14th. Cantor Fitzgerald reiterated a “buy” rating and set a $90.00 price target on shares of Centene Corporation in a research note on Tuesday, July 25th. Morgan Stanley reissued an “overweight” rating and set a $94.00 price objective (up previously from $86.00) on shares of Centene Corporation in a research report on Wednesday, July 26th. Finally, UBS AG reaffirmed a “buy” rating and issued a $95.00 price target (up previously from $88.00) on shares of Centene Corporation in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $97.53.
Shares of Centene Corporation (CNC) traded up $0.40 during trading on Friday, hitting $93.68. 653,400 shares of the company traded hands, compared to its average volume of 1,710,298. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71. Centene Corporation has a one year low of $50.33 and a one year high of $98.71. The company has a market capitalization of $16,097.00, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.42 and a beta of 0.67.
Centene Corporation (NYSE:CNC) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.11. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Centene Corporation had a net margin of 1.81% and a return on equity of 14.79%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 earnings per share. equities research analysts anticipate that Centene Corporation will post 4.98 EPS for the current year.
In other news, Director Robert K. Ditmore sold 4,167 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $90.42, for a total transaction of $376,780.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.
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About Centene Corporation
Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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