Centene Corporation (CNC): A brief note on last quarter

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Centene Corporation (NYSE:CNC) changes shares on Tuesday trading session, with a change of -0.73% or -$0.46 shares. The trading starts at $63.02 and closed at $63.10 throughout the day. The trading session low price was $62.31 and day high was $63.74 on Tuesday, August 04. After the session, the Healthcare sector daily volume shifted to 3.61 million while its average volume is 3.85M. In other hand, the CNC market cap reached to $37.17B. While, its current target price is $85.08.

On July 1, 2020, BRIEF-Centene Corp To Establish New East Coast Headquarters In Charlotte, North Carolina. According to the news reported on Reuters, * CENTENE CORP – TO ESTABLISH NEW EAST COAST HEADQUARTERS IN CHARLOTTE, NORTH CAROLINA

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.48% and down -5.99% for month. Its quarterly performance was -8.35% below, while its half year performance is up 1.08%. CNC yearly performance stood at positive 29.10% and fall -0.37% for year-to-date. Current recommendation for Centene Corporation is 1.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CNC EPS (TTM) for 12-month is 2.86. EPS for this year is 39.10%, while for the next year its value is 5.77. Sales growth for the current quarter is 1.60 while its EPS Q/Q reached 74.00%. It has an EPS of 23.10% up for past five years and for the next five years will be up 13.70%.

Let’s take a look on the analyst recommendations on CNC for the current month and previous month. For the current month, 18 of 21 analysts recommend stock as Buy while 0 as Sell, 2 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 20 analysts participate in stock recommendation. Out of 20, 0 rated it sell, 18 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $72.50 – $102.00. Average target price for CNC was reached at $85.03.

The insider ownership moved to 2.00% and institutional holding shifted to 96.40%.

The company posted an EPS (TTM) of 2.86. According to the most recent quarter report on Name, Canopy Growth Corporation analysts estimated an average EPS of CRNC, while Centene Corporation EPS posted a year ago period. Analyst Estimated EPS for CNC published in the report was $Cinemark Holdings Inc Cinemark – $PNC Financial Services Group, I during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CNC rise 1.70% for period of 200 days. SMA for 50 days was -3.30% which is showing red signal, while SMA-20 was -4.37%.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CNC stock. On Jul 30, Burdick Kenneth A, EVP, Markets & Products, sold 35,000 trading shares at the cost of $65.98, which valued at 2.31 million. On Jul 30, DITMORE ROBERT K, Director, sold 33,333 shares at the cost of $65.34, with total shares of 692,660. On Jul 30, AYALA ORLANDO, Director, sold 9,878 shares at the cost of 65.36. After this transaction, AYALA ORLANDO total shares reached to 151,052 which valued at 0.65 million.