Centene (CNC) Given News Sentiment Score of 0.12
Headlines about Centene (NYSE:CNC) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Centene earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.7184213531338 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Focus on Unusual Volume Activity Stock – Centene Corporation (CNC) – Wall Street Morning (wallstreetmorning.com)
- Recent Institutional Activity: Public Service Enterprise Group Incorporated (PEG), Centene Corporation (CNC) – Market Movers (financialqz.com)
- Centene (CNC) Reports 2018 EPS Guidance; Confirms 2017 Guidance – StreetInsider.com (streetinsider.com)
- Centene (CNC) Issues FY18 Earnings Guidance (americanbankingnews.com)
- Centene (CNC) Issues FY17 Earnings Guidance (americanbankingnews.com)
CNC has been the subject of a number of research analyst reports. BidaskClub upgraded Centene from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Piper Jaffray Companies restated a “buy” rating and set a $105.00 target price on shares of Centene in a report on Friday, September 1st. Cantor Fitzgerald raised their target price on Centene to $107.00 and gave the company an “overweight” rating in a report on Wednesday, September 13th. Cowen restated an “outperform” rating and set a $105.00 target price (up from $77.00) on shares of Centene in a report on Wednesday, September 13th. Finally, Leerink Swann restated a “market perform” rating and set a $90.00 target price (up from $78.00) on shares of Centene in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $99.11.
Centene (CNC) traded down $2.17 during mid-day trading on Thursday, reaching $99.02. The company’s stock had a trading volume of 1,326,298 shares, compared to its average volume of 1,674,870. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.71. The firm has a market cap of $17,470.00, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.54 and a beta of 0.71. Centene has a 52 week low of $54.40 and a 52 week high of $103.15.
Centene (NYSE:CNC) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.75 billion. Centene had a return on equity of 14.79% and a net margin of 1.81%. Centene’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. equities analysts anticipate that Centene will post 4.98 earnings per share for the current fiscal year.
In other news, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $90.42, for a total transaction of $376,780.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.
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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