Centene Corp. (NYSE:CNC) currently has a daily average trading volume of 4.40M but it saw 6296861 shares traded in last market. With a market cap of 31.47B USD, the company’s current market price of $59.82 came falling about -2.03 while comparing to the previous closing price of $61.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $81.42 and as low as $60.65. In the recent trading on the day, stock has struck highest price mark of $59.77 while lowest mark touched by it was $61.485.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which downgraded the stock as “Hold” in its note to investors issued on July 24, 2024, recommending a price target of between $83 and $69 for it. Stephens also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $92 and $85.
Over the week, CNC’s stock price is moving -13.68% down while it is -19.60% when we observe its performance for the past one month. Year-to-date it is -19.39% down and over the past year, the stock is showing a downside performance of -15.58%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 2 beat the consensus estimate of 1.57 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-25, for which analysts forecasted an EPS of 1.38 while estimate for next year EPS is 6.82. In next quarter, company is expected to be making quarterly sales of $38.24B as analysts are expecting the sales for current fiscal year at $155.62B and seeing the company making $160.87B in sales next year. Moreover, analysts are in estimates of $37.7B for current-quarter revenue.
Currently, Centene Corp.’s total number of outstanding shares is 534.48M with 0.27% of that held by the insiders while 99.87% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.29% and return on equity (ROE) at 10.65%. It has a price to earnings ratio (P/E ratio) of 11.35 while having a 8.12 of forward P/E ratio. Stock’s beta reads 0.47. Stock has a price to book (P/B) ratio of 1.15 while price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is 3.40% on average.
