Analyst Ratings for Centene Corp. (CNC)

Updated: 2017-07-28

Analysts covering Centene Corp. (NYSE:CNC) have given it a consensus rating of Overweight. CNC had previously received a consensus rating of Overweight a month ago.

Of the 20 analysts covering the stock, 12 gave it a buy rating, 1 issued an overweight rating, 7 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

A number of analysts gave price targets for CNC. The most optimistic analyst gave a price target of 100, implying potential capital gains of 23.2 percent. The most pessimistic price target was 72, implying a possible loss of -11.3 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.17 percent on average, compared to last month. That number becomes -1.17 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 1.57 percent. If we look at the last 90 days instead, we find a net average change of 1.47 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 4 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CNC to grow at a rate of 4.21 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. CNC has a PEG ratio of 4.24.

CNC has a 52-week high of 87.94 and a 52-week low of 50.00. The current market price is above the trailing year's low by 62.34 percent, and below the high by 7.7 percent. CNC has a P/E ratio of 17.84. Investors typically compare the P/E ratio to a company's peers in the industry. The CNC value stock report compares CNC to some of its peers using value stock charts. The stock has a market capitalization of $14.37 billion. CNC's next earnings release will be on 0000-00-00, which is days away.