Analyst Rating Update on Centene Corporation (CNC)

Centene Corporation (NYSE:CNC) : Zacks Investment Research ranks Centene Corporation (NYSE:CNC) as 2, which is a Buy recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 1.38, which indicates as a Strong Buy.

Centene Corporation (NYSE:CNC) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $93 and the lowest price target forecast is $75. The average forecast of all the analysts is $83.69 and the expected standard deviation is $5.71.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays upgrades their rating on the shares of Centene Corporation (NYSE:CNC). The current rating of the shares is Overweight. Earlier, the shares were rated a Equal-weight by the brokerage firm. Equity Analysts at the Firm raises the price target to $82 per share from $76 per share. The rating by the firm was issued on June 20, 2016.

Centene Corporation (NYSE:CNC): stock turned positive on Tuesday. Though the stock opened at $68.45, the bulls momentum made the stock top out at $68.765 level for the day. The stock recorded a low of $66.99 and closed the trading day at $67.81, in the green by 0.12%. The total traded volume for the day was 2,457,695. The stock had closed at $67.73 in the previous days trading.

In an insider trading activity,The officer (SVP, Chief Information Officer) of Centene Corp, Brooks Mark J sold 3,914 shares at $65.01 on June 6, 2016. The Insider selling transaction had a total value worth of $254,449. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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