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.

CNC was given price targets by several analysts. The maximum price target given was 100, which equates to a potential upside of 23.2 percent. The most pessimistic analyst gave a price target of 72, implying a possible loss of -11.3 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.17 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.47 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 4 analysts that decreased their estimates. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 1 analysts that revised their FY estimates downwards.

CNC has an estimated earnings growth rate of 4.21 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. CNC has a PEG ratio of 4.24.

In the last 52-weeks, CNC has achieved a high of 87.94 and a low of 50.00. Today's price is 62.34 percent above the 52-week low, 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.