Analyst Rating Update on Centene Corporation (CNC)

Centene Corporation (CNC) : 15 analysts are covering Centene Corporation (CNC) and their average rating on the stock is 1.3, which is read as a Strong Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Centene Corporation (CNC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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 12 Wall Street Brokerage Firms. The average price target for shares are $84.25 with an expected fluctuation of $5.75 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on Centene Corporation (NYSE:CNC). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $89 per share to $82 per share. The rating by the firm was issued on July 27, 2016.


Centene Corporation (NYSE:CNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.82 and $68.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.54, notching a gain of 3.89% for the day. The total traded volume was 3,663,415 . The stock had closed at $68.86 on the previous day.

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.

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