Centene Corporation (NYSE:CNC)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a report released on Thursday. They currently have a $111.00 price objective on the stock, up from their prior price objective of $95.00. Deutsche Bank AG’s price target would indicate a potential upside of 15.65% from the company’s current price.

A number of other equities analysts have also recently commented on CNC. Cantor Fitzgerald lifted their target price on shares of Centene Corporation to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday. Leerink Swann reiterated a “market perform” rating and issued a $90.00 target price (up previously from $78.00) on shares of Centene Corporation in a research report on Wednesday. Cowen and Company reiterated an “outperform” rating and issued a $105.00 target price (up previously from $77.00) on shares of Centene Corporation in a research report on Wednesday. Piper Jaffray Companies reiterated a “buy” rating and issued a $105.00 target price on shares of Centene Corporation in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $98.00 target price on shares of Centene Corporation in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Centene Corporation presently has an average rating of “Buy” and an average target price of $92.24.

Shares of Centene Corporation (NYSE CNC) opened at 95.98 on Thursday. The firm has a market capitalization of $16.55 billion, a P/E ratio of 21.06 and a beta of 0.63. The company has a 50-day moving average price of $85.97 and a 200-day moving average price of $78.02. Centene Corporation has a 12-month low of $50.00 and a 12-month high of $98.72.

Centene Corporation (NYSE:CNC) last issued its earnings results on Tuesday, July 25th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.29. The company had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.69 billion. Centene Corporation had a net margin of 1.72% and a return on equity of 14.62%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. Equities analysts predict that Centene Corporation will post $4.92 EPS for the current year.

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In related news, EVP Christopher D. Bowers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.43, for a total transaction of $317,720.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Michael F. Neidorff sold 35,000 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $80.26, for a total transaction of $2,809,100.00. The disclosure for this sale can be found here. Insiders have sold 43,167 shares of company stock worth $3,470,973 in the last quarter. 3.00% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Achmea Investment Management B.V. boosted its stake in Centene Corporation by 42.2% during the second quarter. Achmea Investment Management B.V. now owns 11,010 shares of the company’s stock worth $877,000 after acquiring an additional 3,267 shares in the last quarter. Toronto Dominion Bank boosted its stake in Centene Corporation by 25.7% during the second quarter. Toronto Dominion Bank now owns 58,358 shares of the company’s stock worth $4,661,000 after acquiring an additional 11,947 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Centene Corporation by 70,697.3% during the second quarter. Archford Capital Strategies LLC now owns 106,196 shares of the company’s stock worth $4,396,000 after acquiring an additional 106,046 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Centene Corporation by 210.3% during the second quarter. WINTON GROUP Ltd now owns 316,560 shares of the company’s stock worth $25,287,000 after acquiring an additional 214,549 shares in the last quarter. Finally, Colony Group LLC boosted its stake in Centene Corporation by 3.1% during the second quarter. Colony Group LLC now owns 36,956 shares of the company’s stock worth $2,952,000 after acquiring an additional 1,101 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Centene Corporation (NYSE:CNC)

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