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NYSE:CNC

Centene Stock Forecast, Price & News

$63.17
+0.98 (+1.58 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$62.11
Now: $63.17
$63.35
50-Day Range
$58.33
MA: $65.29
$71.12
52-Week Range
$43.96
Now: $63.17
$74.70
Volume2.31 million shs
Average Volume3.97 million shs
Market Capitalization$36.63 billion
P/E Ratio17.60
Dividend YieldN/A
Beta0.55
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray, home-based primary care, transportation assistance, vision care, dental care, telehealth, immunization, specialty pharmacy, therapy, social work, nurse advisory, and care coordination services, as well as prescriptions and limited over-the-counter drugs, medical equipment, and behavioral health and abuse services. This segment also offers various individual, small group, and large group commercial healthcare products to employers and directly to members in the Managed Care segment. The company's Specialty Services segment provides pharmacy benefits management services; health, triage, wellness, and disease management services; and vision and dental, and management services, as well as care management software that automate the clinical, administrative, and technical components of care management programs; staffing services; and services to Military Health System eligible beneficiaries. This segment offers its services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. Centene Corporation has a collaboration with AT&T. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.58 out of 5 stars


Industry, Sector and Symbol

Industry Hospital & medical service plans
Sub-IndustryManaged Health Care
SectorMedical
CUSIP15135B10
Phone314-725-4477
Employees56,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$74.64 billion
Cash Flow$6.79 per share
Book Value$44.57 per share

Profitability

Net Income$1.32 billion

Miscellaneous

Market Cap$36.63 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$63.17
+0.98 (+1.58 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Centene (NYSE:CNC) Frequently Asked Questions

How has Centene's stock been impacted by Coronavirus (COVID-19)?

Centene's stock was trading at $57.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CNC shares have increased by 9.0% and is now trading at $63.17.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Centene?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centene in the last year. There are currently 2 hold ratings, 17 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Centene
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Centene?

Wall Street analysts have given Centene a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Centene wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Centene's next earnings date?

Centene is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Centene
.

How were Centene's earnings last quarter?

Centene Co. (NYSE:CNC) announced its quarterly earnings data on Sunday, November, 1st. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.96 by $0.30. The business had revenue of $29.09 billion for the quarter, compared to analysts' expectations of $28.30 billion. Centene had a return on equity of 13.45% and a net margin of 2.00%. The firm's quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS.
View Centene's earnings history
.

When did Centene's stock split? How did Centene's stock split work?

Centene's stock split on Wednesday, February 6th 2019. The 2-1 split was announced on Tuesday, February 5th 2019. The newly minted shares were issued to shareholders after the market closes on Tuesday, February 5th 2019. An investor that had 100 shares of Centene stock prior to the split would have 200 shares after the split.

What guidance has Centene issued on next quarter's earnings?

Centene issued an update on its FY20 earnings guidance on Tuesday, October, 27th. The company provided earnings per share (EPS) guidance of $4.90-5.06 for the period, compared to the Thomson Reuters consensus estimate of $4.88. The company issued revenue guidance of $109.8-111.4 billion, compared to the consensus revenue estimate of $110.60 billion.

What price target have analysts set for CNC?

20 equities research analysts have issued 1 year target prices for Centene's stock. Their forecasts range from $67.50 to $103.00. On average, they anticipate Centene's share price to reach $83.50 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price.
View analysts' price targets for Centene
.

Who are some of Centene's key competitors?

What other stocks do shareholders of Centene own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Centene investors own include NVIDIA (NVDA), Alibaba Group (BABA), UnitedHealth Group (UNH), Micron Technology (MU), CVS Health (CVS), Intel (INTC), Johnson & Johnson (JNJ), Visa (V), AbbVie (ABBV) and Cisco Systems (CSCO).

Who are Centene's key executives?

Centene's management team includes the following people:
  • Mr. Michael Frederic Neidorff, Chairman, Pres & CEO (Age 77, Pay $9.06M)
  • Mr. Jeffrey Alan Schwaneke CPA, CPA, Exec. VP, CFO & Treasurer (Age 44, Pay $3.52M)
  • Ms. Brandy Lynn Burkhalter, Exec. VP & COO (Age 47, Pay $2.72M)
  • Mr. Mark J. Brooks, Exec. VP & Chief Information Officer (Age 50, Pay $2.04M)
  • Mr. Jesse N. Hunter, Exec. VP of Mergers & Acquisitions and Chief Strategy Officer (Age 44, Pay $3.16M)
  • Mr. Christopher R. Isaak B.B.A., CPA, Sr. VP, Corp. Controller & Chief Accounting Officer (Age 53)
  • Ms. Jennifer Gilligan, Sr. VP of Investor Relations
  • Mr. Christopher Andrew Koster, Sr. VP, Gen. Counsel & Sec. (Age 55)
  • Mr. Matthew Snyder, Sr. VP of Internal Audit, Compliance & Risk Management
  • Mr. Patrick John Rooney, Sr. VP of Health Plans

What is Centene's stock symbol?

Centene trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNC."

Who are Centene's major shareholders?

Centene's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.02%), State Street Corp (4.37%), Boston Partners (0.75%), Nuveen Asset Management LLC (0.74%), Vantage Investment Partners LLC (0.50%) and Charles Schwab Investment Management Inc. (0.49%). Company insiders that own Centene stock include Brandy Burkhalter, Christopher D Bowers, Jeffrey A Schwaneke, Jesse N Hunter, Jessica L Blume, John R Roberts, Keith H Williamson, Kenneth A Burdick, Mark J Brooks, Michael F Neidorff, Orlando Ayala, Richard A Gephardt, Robert K Ditmore and Tommy G Thompson.
View institutional ownership trends for Centene
.

Which major investors are selling Centene stock?

CNC stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Point72 Asset Management L.P., Epoch Investment Partners Inc., Artemis Investment Management LLP, Jennison Associates LLC, Earnest Partners LLC, Wells Fargo & Company MN, and ClariVest Asset Management LLC. Company insiders that have sold Centene company stock in the last year include Brandy Burkhalter, Jeffrey A Schwaneke, Jesse N Hunter, John R Roberts, Keith H Williamson, Kenneth A Burdick, Michael F Neidorff, Orlando Ayala, Richard A Gephardt, Robert K Ditmore, and Tommy G Thompson.
View insider buying and selling activity for Centene
.

Which major investors are buying Centene stock?

CNC stock was acquired by a variety of institutional investors in the last quarter, including Altshuler Shaham Ltd, Scharf Investments LLC, Polar Capital LLP, Polar Capital LLP, Vantage Investment Partners LLC, Natixis, BNP PARIBAS ASSET MANAGEMENT Holding S.A., and Nuveen Asset Management LLC.
View insider buying and selling activity for Centene
.

How do I buy shares of Centene?

Shares of CNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Centene's stock price today?

One share of CNC stock can currently be purchased for approximately $63.17.

How big of a company is Centene?

Centene has a market capitalization of $36.63 billion and generates $74.64 billion in revenue each year. The company earns $1.32 billion in net income (profit) each year or $4.42 on an earnings per share basis. Centene employs 56,600 workers across the globe.

What is Centene's official website?

The official website for Centene is www.centene.com.

How can I contact Centene?

Centene's mailing address is 7700 FORSYTH BOULEVARD, ST LOUIS MO, 63105. The company can be reached via phone at 314-725-4477 or via email at [email protected]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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