Centene Corporation (NYSE:CNC) has been given an average rating of “Buy” by the twenty-two brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $87.33.

CNC has been the topic of a number of recent research reports. Cantor Fitzgerald restated a “buy” rating and set a $90.00 target price on shares of Centene Corporation in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Centene Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Citigroup Inc. upped their target price on shares of Centene Corporation from $80.00 to $89.00 and gave the stock a “sell” rating in a research note on Wednesday, July 26th. ValuEngine upgraded shares of Centene Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $105.00 target price on shares of Centene Corporation in a research note on Thursday, July 27th.

In other news, SVP Mark J. Brooks sold 2,161 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $75.43, for a total value of $163,004.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Michael F. Neidorff sold 35,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $80.26, for a total value of $2,809,100.00. The disclosure for this sale can be found here. Insiders sold 53,578 shares of company stock valued at $4,264,757 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Several large investors have recently modified their holdings of CNC. Vanguard Group Inc. increased its stake in shares of Centene Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 15,952,026 shares of the company’s stock valued at $1,136,742,000 after buying an additional 590,551 shares in the last quarter. BlackRock Inc. increased its stake in shares of Centene Corporation by 3,408.1% in the first quarter. BlackRock Inc. now owns 15,510,470 shares of the company’s stock valued at $1,105,275,000 after buying an additional 15,068,340 shares in the last quarter. State Street Corp increased its stake in shares of Centene Corporation by 2.4% in the first quarter. State Street Corp now owns 7,119,308 shares of the company’s stock valued at $507,340,000 after buying an additional 169,286 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Centene Corporation by 12.4% in the second quarter. Wells Fargo & Company MN now owns 4,193,466 shares of the company’s stock valued at $334,973,000 after buying an additional 462,936 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Centene Corporation by 318.6% in the second quarter. Ameriprise Financial Inc. now owns 3,504,359 shares of the company’s stock valued at $279,882,000 after buying an additional 2,667,189 shares in the last quarter. 93.61% of the stock is owned by hedge funds and other institutional investors.

Shares of Centene Corporation (NYSE:CNC) opened at 81.41 on Monday. The company has a market capitalization of $14.04 billion, a P/E ratio of 17.86 and a beta of 0.66. The stock has a 50 day moving average price of $82.26 and a 200-day moving average price of $74.36. Centene Corporation has a one year low of $50.00 and a one year high of $87.94.

Centene Corporation (NYSE:CNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.29. The business 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 business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Equities research analysts predict that Centene Corporation will post $4.92 earnings per share for the current fiscal year.

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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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