Stock To Watch: Centene Corporation (NYSE:CNC)


The leading market experts have placed a mean price target of $80.13 on Centene Corporation (NYSE:CNC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.19 a share for the upcoming quarter and $4.20 for the current fiscal. Technical View The technical analysis of Centene Corporation Common Stoc plainly substantiates that the 50-day moving average of Centene Corporation Common Stoc is $64.70, and stock is hovering 4.64 or +7.17% distant from $64.70. It is noted that the 200-day MA is $61.64, and Centene Corporation Common Stoc stock is $7.70 or +12.49% off from this point. Centene Corporation (NYSE:CNC) 52-week high is $75.69 and the 52-week low is $47.36. This explains if the stock moves $-6.35, it will post a 52-week high. In event of $+46.41% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Centene Corporation Common Stoc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Centene Corporation (NYSE:CNC) ratio came in at 31.26. The stock last ended the trading session at $69.34 and registered a market cap of $11.82B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Centene Corporation (NYSE:CNC) PEG ratio is at 0.95.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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