Stock To Watch: Centene Corporation (NYSE:CNC)


The leading market experts have placed a mean price target of $81.3300 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 $1.1300 a share for the upcoming quarter and $4.3500 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 $70.8514, and stock is trading $-2.8203 points away or -3.9806% from its 50-day moving average of $70.8514. Further it is trading $4.6557 or +7.3462% away its 200-day moving average of $63.3754. Centene Corporation (NYSE:CNC) 52-week high is $75.5700 and the 52-week low is $47.3600.

This explains if the stock moves $-7.5389, it will post a 52-week high. In event of +43.6467% 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 26.2567.

The stock last ended the trading session at $68.0311 and registered a market cap of $11.62B. 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 0.9400.

1 Chart Pattern Every Investor Should Know

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