Centene Corp (NYSE:CNC) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Centene Corp (NYSE:CNC) to Sell in a statement released on 10/11/2016.
Previously on 9/23/2016, Evercore ISI reported on Centene Corp (NYSE:CNC) upped the target price from $0.00 to $79.00 that suggested an upside of 0.14%.
Showing a price of $61.70, Centene Corp (NYSE:CNC) traded -0.27% lower on the day. The last closing price is down -8.65% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Centene Corp has recorded a 50-day moving average of $65.97 and a 200-day moving average of $65.75. 1,007,040 shares of CNC traded hands, down from an avg. volume of 1,605,540
Centene Corp has 52 week low of $47.36 and a one year high of $75.57 with a price-earnings ratio of 23.18 and has a market cap of $0.
Also covering Centene Corp's price target, a total of 17 brokerages have issued a ratings update on CNC. The one year target is $80.47 with nine analysts rating the stock a strong buy, 6 brokerages rating the stock a buy, 4 brokers rating the stock a hold, one analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.
More About Centene Corp (NYSE:CNC)
Centene Corporation is a diversified healthcare company that provides programs and services to government sponsored healthcare programs. The Company also provides education and outreach programs to inform and assist members in accessing appropriate healthcare services. The Company operates through two segments. The 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 (LTC), Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD). The 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.
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