News headlines about Centene Corporation (NYSE:CNC) have trended somewhat negative on Thursday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. 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 news impact score of -0.02 on Accern’s scale. Accern also assigned news articles about the company an impact score of 54 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Can you bet on Centene Corp. (NYSE: CNC)? – Argus Journal (argusjournal.com)
- Centene Partners With Schnucks And People’s Health Centers To Open Ferguson Clinic (finance.yahoo.com)
- Zacks: Analysts Expect Centene Corporation (NYSE:CNC) to Announce $1.30 Earnings Per Share (americanbankingnews.com)
- Head-To-Head Survey: Aetna (AET) and Centene Corporation (NYSE:CNC) (americanbankingnews.com)
- Centene Corporation (NYSE:CNC) Sees Significantly Lower Trading Volume – Highlight Press (highlightpress.com)
Several analysts recently weighed in on CNC shares. Citigroup Inc. downgraded Centene Corporation from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a report on Thursday, March 23rd. Zacks Investment Research downgraded Centene Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Deutsche Bank AG started coverage on Centene Corporation in a report on Wednesday, April 5th. They issued a “buy” rating and a $84.00 price objective for the company. Morgan Stanley started coverage on Centene Corporation in a report on Tuesday, June 6th. They issued an “overweight” rating and a $86.00 price objective for the company. Finally, Evercore ISI lifted their price objective on Centene Corporation from $80.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.74.
Shares of Centene Corporation (CNC) opened at 84.65 on Thursday. Centene Corporation has a 52 week low of $50.00 and a 52 week high of $85.79. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 20.84 and a beta of 0.68. The stock’s 50 day moving average price is $79.81 and its 200-day moving average price is $72.20.
Centene Corporation (NYSE:CNC) last released its quarterly earnings results on Tuesday, April 25th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $11.72 billion for the quarter, compared to analyst estimates of $11.44 billion. Centene Corporation had a return on equity of 14.19% and a net margin of 1.57%. The firm’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. Equities analysts anticipate that Centene Corporation will post $4.80 earnings per share for the current fiscal year.
In other Centene Corporation news, Director Robert K. Ditmore sold 4,167 shares of Centene Corporation stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $72.43, for a total transaction of $301,815.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Michael F. Neidorff sold 35,000 shares of Centene Corporation stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $80.26, for a total value of $2,809,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,728 shares of company stock worth $4,506,020. 3.00% of the stock is currently owned by corporate insiders.
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Centene Corporation Company Profile
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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