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A statement released earlier today by JP Morgan about Centene Corporation (NYSE:CNC) ups the target price to $75.00

Yesterday Centene Corporation (NYSE:CNC) traded -3.33% lower at $73.95. The company’s 50-day moving average is $92.47 and its 200-day moving average is $81.61. The last closing price is down 10.97% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 6,397,067 shares of the stock traded hands, up from an average trading volume of 1,630,380

Reporting a potential upside of 0.01%, JP Morgan upped the price target of Centene Corporation (NYSE:CNC) to $75.00

See Chart Below

Centene Corporation (NYSE:CNC)

Centene Corporation has a 52 week low of $50.00 and a 52 week high of $98.72 with a P/E ratio of 19.87 The company’s market cap is currently $0.

In addition to JP Morgan reporting its stock price target, a total of 17 brokers have issued a report on the company. The average stock price target is $80.47 with 9 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Centene Corporation (NYSE:CNC)

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company's Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children's Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace. Its Specialty Services segment consists of its specialty companies offering a range of healthcare services and products to state programs, correctional facilities, healthcare organizations, employer groups and other commercial organizations, as well as to its own subsidiaries.

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