The Street Is Finally Waking Up To Centene Corp. (NYSE: CNC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed California Schools, Health Net & The Centene Foundation Create a Culture of Belonging Through National No One Eats Alone® Day.

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Stocks Info

Centene Corp. is listed on the NYSE as a member of the Healthcare sector and is a part of the Healthcare Plans industry. At the end of the last regular session, the stock closed at $79.29 and fluctuated between $79.84 as its day high and $78.40 as its day low. The current market capitalization of Centene Corp. is $42.36B. A total of 3.66 million shares were traded on the day, compared to an average of 3.11M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CNC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 13 SELLs from insiders. Insiders purchased 606,862 shares during that period but sold 29,505.

In the most recent transaction, Robinson Lori Jean sold 10,000 shares of CNC for 77.41 per share on Feb 13. After the transaction, the Director now owns 11,455 company shares. In a previous transaction on Feb 07, FASOLA KENNETH J sold 12,000 shares at 75.07 per share. CNC shares that President owns now total 235,365.

Among the insiders who sold shares, Robinson Lori Jean disposed of 1,400 shares on Apr 27 at a per-share price of $66.59. This resulted in the Director holding 8,508 shares of CNC after the transaction. In another insider transaction, LONDON SARAH bought 30,000 shares at $62.60 per share on Mar 17. Company shares held by the Chief Executive Officer now total 313,953.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CNC in the last 3 months, the mean price target is $89.20 with high estimates of $110.00 and low estimates of $76.00. In terms of 52-week highs and lows, CNC has a high of $79.83 and a low of $60.83.

As of this writing, CNC has an earnings estimate of $2.13 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $2.59 per share and a lower estimate of $1.9. The company reported an EPS of $2 in the last quarter, which was 27.40% higher than expectations of $1.57.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CNC’s latest balance sheet shows that the firm has $14.66B in Cash & Short Term Investments as of fiscal 2021. There were $22.66B in debt and $25.77B in liabilities at the time. Its Book Value Per Share was $48.35, while its Total Shareholder’s Equity was $27.02B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNC is Buy with a score of 4.18.

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