Perhaps, that suggests something about why 91.94% of the outstanding share supply is held by institutional investors. The stock decreased 0.66% or $0.59 during the last trading session, reaching $88.65. Centene Corp (NYSE:CNC) has risen 32.56% since October 23, 2016 and is uptrending. It has outperformed by 15.86% the S&P500.
Currently, the stock carries a price to earnings ratio of 21.7, a price to book ratio of 2.65, and a price to sales ratio of 0.36. The Company's divisions include the U.S., Canada and worldwide. It now has negative earnings. Cubist Systematic Strategies Ltd Co holds 0.02% or 3,200 shares in its portfolio. Advisors Asset Mngmt holds 0.01% or 4,552 shares in its portfolio. Envestnet Asset Management owns 5,146 shares. Centene Corporation has $120 highest and $67 lowest target. Centene Corporation has a consensus rating of "Buy" and an average price target of $95.58. The rating was maintained by SP Angel with "Hold" on Wednesday, September 16. The rating was upgraded by Seaport Global Securities to "Buy" on Tuesday, February 21. The rating was maintained by SP Angel with "Hold" on Tuesday, September 29. Centene Corporation had 47 analyst reports since July 22, 2015 according to SRatingsIntel. Boeing Co (NYSE:BA) has risen 41.13% since October 24, 2016 and is uptrending. It has outperformed by 76.81% the S&P500.
Analysts await MRC Global Inc (NYSE:MRC) to report earnings on November, 2 after the close. They expect $2.59 EPS, down 26.21% or $0.92 from last year's $3.51 per share. MRC's profit will be $8.52 million for 49.28 P/E if the $0.09 EPS becomes a reality. The company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.10.
Centene Corporation (NYSE:CNC) last released its quarterly earnings results on Tuesday, October 24th. The firm owned 106,196 shares of the company's stock after purchasing an additional 106,046 shares during the quarter. The value of the total investment in Centene Corporation increased from $1,219,000 to $1,457,000 a change of $238,000 quarter to quarter.
The company said its update in guidance reflected the favorable performance in the third quarter, and an increase in business expansion cost range to $0.46 - $0.51 per share from $0.42 - $0.47 per share, reflecting additional Marketplace marketing and membership outreach efforts.
Investors sentiment decreased to 1.46 in 2017 Q2. Its down 0.03, from 1.24 in 2017Q1. It dropped, as 43 investors sold CNC shares while 171 reduced holdings. 93 funds opened positions while 165 raised stakes. Short shares grew 151,224 over that timeframe. Guardian Life Insur Company Of America reported 0% stake. Ahl Limited Liability Partnership accumulated 177,339 shares or 0.3% of the stock. Deroy & Devereaux Private Inv Counsel reported 35,650 shares. Kentucky Retirement Systems Ins Trust Fund holds 4,718 shares. Qcm Cayman Ltd has invested 0.65% of its portfolio in Centene Corp (NYSE:CNC). Grace & White New York reported 20,000 shares or 0.35% of all its holdings. Bremer Tru Natl Association owns 3,599 shares.
Centene Corporation (NYSE CNC) traded down 4.168% during mid-day trading on Tuesday, hitting $93.906. Nomura Asset Management invested 0.02% of its portfolio in Centene Corp (NYSE:CNC). Advisory Ntwk Ltd Liability Company has 0% invested in Centene Corp (NYSE:CNC) for 231 shares. Evermay Wealth Ltd Company has 1,172 shares. The shares were sold at an average price of $79.43, for a total value of $317,720.00. Shares for $163,004 were sold by BROOKS MARK J on Friday, June 2. Hussman Strategic Advsr has invested 0.89% in Centene Corp (NYSE:CNC).
Among 19 analysts covering Centene Corporation (NYSE:CNC), 14 have Buy rating, 1 Sell and 4 Hold. Therefore 74% are positive. Finally, Wedbush restated an "outperform" rating and set a $85.00 price objective on shares of Centene Corp.in a research report on Wednesday, September 7th. The stock of Centene Corp (NYSE:CNC) earned "Overweight" rating by Morgan Stanley on Thursday, September 21. October 13 investment analysts at Jefferies maintained a stock rating of "Buy" but moved up the price target from $82.00 to $112.00. The stock has an average rating of "Buy" and a consensus target price of $95.58. The firm has "Outperform" rating by Bernstein given on Monday, November 14. The rating was initiated by Morgan Stanley with "Overweight" on Wednesday, June 7.
06/19/2017 - Centene Corporation had its "neutral" rating reiterated by analysts at Credit Suisse.
On July 26 Citigroup maintained a company rating of "Sell" but raised the price expectation from $83.00 to $89.00.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.