Centene Corporation (NYSE:CNC) traded at $59.79 at last check on Wednesday, Sep 16, making an upward move of 2.77% on its previous day’s price.
Looking at the stock we see that its previous close was $58.18 and the beta (5Y monthly) reads 0.6. The company has a 12-month trailing PE ratio of 20.36. In terms of its 52-week price range, CNC has a high of $74.7 and a low of $41.62. The company’s stock has gained about -9.99% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CNC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 21 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Centene Corporation (CNC) stock as a Hold, while 18 rate it as a Buy. 2 analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CNC stock currently stands at 1.49, and the current price level is -0.51% off its SMA20 and -5.13% from its 50-day simple moving average. The RSI (14) is pointing at 47.03 while the volatility over the past week is 2.63% and jumps to 2.84% over the past one month. The beta value is 0.6, while the average true range (ATR) is currently pointing at 1.71. The average price target for the stock over the next 12 months is $85.03, with the estimates having a low of $72.5 and a high of $102. These price ends are 21.26% and +70.6% off the current price level respectively, although investors could be excited at the prospect of a +41.33% if the CNC share price touches on the median price of $84.5.
Let’s briefly compare Centene (CNC) stock to its peers. We find that today’s price change of +2.77% and +26.15% over the past 12 months for CNC competes that of Unitedhealth Group Inc (UNH), which has seen its stock price rise 1.26% in the latest trading session and is +31.05% over the last one year. Another of its peers Anthem Inc (ANTM) has climbed 1.84% today, and is +0.61% up over the past year, while Humana Inc (HUM) is also up 2.77% yet its price remains in the green at 26.15% over the same period. Unitedhealth has a P/E ratio of 17.28 compared to Centene’s 20.36 and Anthem’s 11.3. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.47% and 0.77%, respectively, in early deals.