Centene Corporation (CNC) Earns Daily Coverage Optimism Score of 0.14
Media headlines about Centene Corporation (NYSE:CNC) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Centene Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3391562664524 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Incyte Corporation (INCY) Ownership Decreased by Manufacturers Life Insurance Company, The (techkenyot.com)
- There Are Strong Technical Signals in Centene Corporation (CNC) – StockNewsGazette (stocknewsgazette.com)
- Centene Corporation (NYSE:CNC) Experiences Lighter than Usual Trading Volume – Modern Readers (modernreaders.com)
- Centene Corporation (CNC) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Centene Corporation (NYSE:CNC) Trading Volume Significantly … – Highlight Press (highlightpress.com)
Centene Corporation (NYSE:CNC) opened at 83.49 on Monday. Centene Corporation has a 52 week low of $50.00 and a 52 week high of $87.94. The stock’s 50 day moving average price is $82.43 and its 200-day moving average price is $75.20. The stock has a market capitalization of $14.40 billion, a P/E ratio of 18.32 and a beta of 0.66.
Centene Corporation (NYSE:CNC) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.30 by $0.29. Centene Corporation had a net margin of 1.72% and a return on equity of 14.62%. The business had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.69 billion. During the same period in the previous year, the company posted $1.29 EPS. Centene Corporation’s revenue was up 9.7% on a year-over-year basis. Equities research analysts expect that Centene Corporation will post $4.92 earnings per share for the current year.
CNC has been the topic of a number of analyst reports. Zacks Investment Research downgraded Centene Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Morgan Stanley initiated coverage on Centene Corporation in a research report on Tuesday, June 6th. They set an “overweight” rating and a $86.00 price objective on the stock. Bank of America Corporation lifted their price objective on Centene Corporation from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Evercore ISI lifted their price objective on Centene Corporation from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $81.00 target price (up previously from $78.00) on shares of Centene Corporation in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. Centene Corporation has an average rating of “Buy” and a consensus target price of $86.82.
In other Centene Corporation news, EVP Christopher D. Bowers sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $79.43, for a total transaction of $317,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark J. Brooks sold 2,161 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.43, for a total transaction of $163,004.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,578 shares of company stock worth $4,264,757. 3.00% of the stock is currently owned by corporate insiders.
About Centene Corporation
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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