Centene Corporation (CNC) has an average broker rating of 1.41, which is interpreted as a Strong Buy, as rated by 16 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.
Centene Corporation (CNC) : The most positive equity analysts on Centene Corporation (CNC) expects the shares to touch $93, whereas, the least positive believes that the stock will trade at $75 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $83.69 with an expected fluctuation of $5.71 from the mean.
Centene Corporation (NYSE:CNC): The stock opened at $69.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $70.19 for the day. The stock traded down to $68.79 during the day, due to lack of any buying support eventually closed down at $69.43 with a loss of -0.39% for the day. The stock had closed at $69.70 on the previous day. The total traded volume was 1,846,595 shares.
Also, In a research note released to the investors, Morgan Stanley upgrades its rating on Centene Corporation (NYSE:CNC).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Morgan Stanley raises the new price target from $84 per share to $86 per share. The rating by the firm was issued on June 29, 2016. The company shares have dropped -1.39% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $83.00 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $65.31 and the 200 Day Moving Average price is recorded at $61.70.
Centene Corporation is a healthcare company. The Company provides programs and services to Government sponsored healthcare programs. It offers member-focused services by assisting in accessing care, coordinating referrals to related health and social services, and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing healthcare services. The Company operates in two segments: Managed Care and Specialty Services. The Managed Care segment provides health plan coverage to individuals through Government subsidized programs, including Medicaid, the State Childrens Health Insurance Program (CHIP), Long Term Care (LTC), Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD). The Specialty Services segment consists of the Companys specialty companies offering auxiliary healthcare services and products.