Equities researchers at BMO Capital Markets began coverage on shares of Centene Corporation (NYSE:CNC) in a research note issued on Tuesday. The firm set an “outperform” rating on the stock.

A number of other analysts also recently commented on CNC. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price objective (up previously from $88.00) on shares of Centene Corporation in a research note on Monday, June 19th. Credit Suisse Group reissued a “neutral” rating and issued a $81.00 price objective (up previously from $78.00) on shares of Centene Corporation in a research note on Monday, June 19th. BidaskClub raised Centene Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded Centene Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Centene Corporation in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $94.22.

Shares of Centene Corporation (NYSE CNC) opened at 90.92 on Tuesday. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 19.95 and a beta of 0.68. Centene Corporation has a 12-month low of $50.00 and a 12-month high of $98.71. The firm has a 50-day moving average price of $92.66 and a 200 day moving average price of $81.76.

Centene Corporation (NYSE:CNC) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.29. Centene Corporation had a return on equity of 14.62% and a net margin of 1.72%. The company had revenue of $11.95 billion for the quarter, compared to the consensus estimate of $11.69 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Centene Corporation will post $4.92 earnings per share for the current fiscal year.

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In other Centene Corporation news, Director Robert K. Ditmore sold 4,167 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.59, for a total value of $344,152.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $317,720.00. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Eqis Capital Management Inc. grew its stake in Centene Corporation by 40.2% in the third quarter. Eqis Capital Management Inc. now owns 13,190 shares of the company’s stock valued at $1,276,000 after purchasing an additional 3,784 shares in the last quarter. Achmea Investment Management B.V. grew its stake in Centene Corporation by 42.2% in the second quarter. Achmea Investment Management B.V. now owns 11,010 shares of the company’s stock valued at $877,000 after purchasing an additional 3,267 shares in the last quarter. Toronto Dominion Bank grew its stake in Centene Corporation by 25.7% in the second quarter. Toronto Dominion Bank now owns 58,358 shares of the company’s stock valued at $4,661,000 after purchasing an additional 11,947 shares in the last quarter. Archford Capital Strategies LLC grew its stake in Centene Corporation by 70,697.3% in the second quarter. Archford Capital Strategies LLC now owns 106,196 shares of the company’s stock valued at $4,396,000 after purchasing an additional 106,046 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in Centene Corporation by 210.3% in the second quarter. WINTON GROUP Ltd now owns 316,560 shares of the company’s stock valued at $25,287,000 after purchasing an additional 214,549 shares in the last quarter. Hedge funds and other institutional investors own 92.10% of the company’s stock.

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.

Analyst Recommendations for Centene Corporation (NYSE:CNC)

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