Centene Corporation (CNC) Receives Analyst Rating

Centene Corporation (CNC) : The consensus on Centene Corporation (CNC) based on 13 analyst recommendation on the company stock is 1.46, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Centene Corporation (CNC) : Currently there are 10 street experts covering Centene Corporation (CNC) stock. The most bullish and bearish price target for the stock is $93 and $75 respectively for the short term. The average price target of all the analysts comes to $84.3. The estimated standard deviation from the target is $6.07.


Also, Leerink Swann downgrades its view on Centene Corporation (NYSE:CNC) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on September 6, 2016.

Centene Corporation (NYSE:CNC): After opening at $66.23, the stock dipped to an intraday low of $65.81 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $67.4 and the buying power remained strong till the end. The stock closed at $67.24 for the day, a gain of 1.63% for the day session. The total traded volume was 862,217. The stocks close on the previous trading day was $66.16.

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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