The closing price of Centene Corp. (NYSE: CNC) was $72.45 for the day, down -6.82% from the previous closing price of $77.75. In other words, the price has decreased by -$5.30 from its previous closing price. On the day, 5832296 shares were traded. CNC stock price reached its highest trading level at $75.33 during the session, while it also had its lowest trading level at $72.10.
Ratios:
Our analysis of CNC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stephens on March 21, 2024, Downgraded its rating to Equal-Weight and sets its target price to $85 from $92 previously.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $101.
Wells Fargo Upgraded its Equal Weight to Overweight on January 02, 2024, whereas the target price for the stock was revised from $82 to $90.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 13 ’24 when Robinson Lori Jean sold 10,000 shares for $77.41 per share. The transaction valued at 774,100 led to the insider holds 11,455 shares of the business.
FASOLA KENNETH J sold 12,000 shares of CNC for $900,817 on Feb 07 ’24. The President now owns 235,365 shares after completing the transaction at $75.07 per share. On Apr 27 ’23, another insider, Robinson Lori Jean, who serves as the Director of the company, sold 1,400 shares for $66.59 each. As a result, the insider received 93,226 and left with 8,508 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNC now has a Market Capitalization of 38.75B and an Enterprise Value of 37.98B. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.75, and their Forward P/E ratio for the next fiscal year is 9.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 0.25 whereas that against EBITDA is 6.76.
Stock Price History:
Over the past 52 weeks, CNC has reached a high of $81.42, while it has fallen to a 52-week low of $60.83. The 50-Day Moving Average of the stock is 77.06, while the 200-Day Moving Average is calculated to be 71.63.
Shares Statistics:
CNC traded an average of 2.99M shares per day over the past three months and 3.33M shares per day over the past ten days. A total of 534.48M shares are outstanding, with a floating share count of 529.07M. Insiders hold about 1.08% of the company’s shares, while institutions hold 94.85% stake in the company. Shares short for CNC as of Mar 15, 2024 were 9.6M with a Short Ratio of 3.21, compared to 8.25M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.79% and a Short% of Float of 2.05%.
Earnings Estimates
The firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of $2.14 for the current quarter, with a high estimate of $2.59 and a low estimate of $1.9, while EPS last year was $2.11. The consensus estimate for the next quarter is $1.95, with high estimates of $2.31 and low estimates of $1.39.
Analysts are recommending an EPS of between $7 and $6.63 for the fiscal current year, implying an average EPS of $6.78. EPS for the following year is $7.6, with 18 analysts recommending between $8 and $7.32.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. It ranges from a high estimate of $37.66B to a low estimate of $35.3B. As of the current estimate, Centene Corp.’s year-ago sales were $36.03B, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $36.07B, a decrease of -1.10% less than the figure of $1.40% in the same quarter last year. There is a high estimate of $37.25B for the next quarter, whereas the lowest estimate is $34.23B.
A total of 14 analysts have provided revenue estimates for CNC’s current fiscal year. The highest revenue estimate was $148.84B, while the lowest revenue estimate was $142.84B, resulting in an average revenue estimate of $146.45B. In the same quarter a year ago, actual revenue was $154B, down -4.90% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $153.33B in the next fiscal year. The high estimate is $156.39B and the low estimate is $150.63B. The average revenue growth estimate for next year is up 4.70% from the average revenue estimate for this year.
