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.

Several price targets were given for CNC by the analysts covering the stock. The most optimistic price target was 100, implying a possible profit of 23.2 percent. The most pessimistic price target was 72, implying potential capital losses of -11.3 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.17 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -1.17 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.57 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.47 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, while 4 analysts made negative revisions. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.

The growth rate of CNC's earnings is estimated by analysts to be 4.21 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CNC is 4.24.

In the last 52-weeks, CNC has achieved a high of 87.94 and a low of 50.00. Currently the stock is 62.34 percent higher than its low, and 7.7 percent lower than its 52-week high. 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.