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 analyst gave a price target of 100, implying potential capital gains of 23.2 percent. The most pessimistic analyst gave a price target of 72, implying potential capital losses 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. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, 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. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, 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.

CNC has traded between a high of 87.94 and a low of 50.00 over the past year. The current market price is above the trailing year's low by 62.34 percent, and 7.7 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.