Centene stock: buy or sell?
August 19th, 2019
Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States.
Should I buy Centene stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Centene stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Centene stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we collected 11 ratings published for CNC stock in the last month. The general sentiment of these ratings is bullish for CNC stock, with 9 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-29||Credit Suisse Group||Neutral||Neutral|
|2019-2-7||Jefferies Financial Group||n/a||Buy|
Centene stock analysis
Centene shares decreased -1.19% to $47.44 today.
Centene ended today at $47.44 and decreased a lame -1.19%. Since price and SMA50d lines crossed down on Jul/15, CNC fell $-7.07 per share (-12.97%).
Centene depreciated a bad -1.19% this week. With this, it's been 4 red weeks in a row, sliding $-5.98 or a -11.36%. Early July CNC climbed a phenomenal 5.56% in just one week.
Far behind is the all-time high Centene hit early December and since then the price is -36.31% below that top. Since early February, when CNC stock price broke down the 40-weeks moving avarage line, it slid $-18.45 per share (-28.00%). Stocks below the 40-weeks moving average line are usually not recommended for average traders.
Centene stock price history
Centene stock went public on December 13th, 2001 with a price of $1.191. Since then, CNC stock grew a 3,886.60%, with a yearly average of 228.60%. If you had invested right after CNC's IPO a $1,000 in Centene stock in 2001, it would worth $38,866.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Centene stock historical price chart
CNC stock reached all-time highs on December with a price of $74.49.
Centene stock price target is $75.20How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 9 price forecasts for Centene stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-12||Morgan Stanley||Lowers Target||$75.00||$71.00||-5.3%|
|2019-4-24||SunTrust Banks||Lowers Target||n/a||$80.00||-|
|2019-4-24||Morgan Stanley||Lowers Target||$83.00||$75.00||-9.6%|
|2019-3-29||Credit Suisse Group||Lowers Target||$76.00||$63.00||-17.1%|
|2019-2-7||Jefferies Financial Group||Reiterates||n/a||$76.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on February, Centene . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Centene annual revenues boosted an extraordinary 24.25% to $60,116.00 M dollars from $48,382.00 marked in 2017. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) remained constant a -0.21% to 1.50%.
|2013||$10,860 M||-||$161 M1.5%||-|
|2014||$16,560 M||52.49%||$271 M1.6%||68.09%|
|2015||$22,760 M||37.44%||$355 M1.6%||31.00%|
|2016||$40,607 M||78.41%||$562 M1.4%||58.31%|
|2017||$48,382 M||19.15%||$828 M1.7%||47.33%|
|2018||$60,116 M||24.25%||$900 M1.5%||8.70%|
Quarterly financial resultsCentene posted $16,559.00 M in revenues for 2018-Q4, a 2.33% up compared to previous quarter. Reported quarter earnings marked $241.00 million with a profit margin of 1.46%. Profit margin raised a 1.34% compared to previous quarter when profit margin was 0.12%. When comparing revenues to same quarter last year, Centene sales marked an amazing gain and rocketed a 29.31%. Looking back to recent quarterly results, Centene posted 5 negative quarters in a row.
|2017-Q2||$11,950 M||-||$254 M2.1%||-|
|2017-Q3||$11,900 M||-0.42%||$205 M1.7%||-19.29%|
|2017-Q4||$12,806 M||7.61%||$230 M1.8%||12.20%|
|2018-Q1||$13,194 M||3.03%||$340 M2.6%||47.83%|
|2018-Q2||$14,181 M||7.48%||$300 M2.1%||-11.76%|
|2018-Q3||$16,182 M||14.11%||$19 M0.1%||-93.67%|
|2018-Q4||$16,559 M||2.33%||$241 M1.5%||1,168.42%|
|2019-Q1||$18,444 M||11.38%||$522 M2.8%||116.60%|
Centene ownershipWhen you are planning to invest in shares of a stock, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Centene, 2.40% of all outstanding shares are owned by its staff.
Bearish positions for CNC stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$8.2 B||$70.3 B||$564.1 M||$40.3 B||$8.6 B|
|Total shares||173.6 M||257.2 M||23.3 M||135.0 M||62.6 M|
|Float shares||408.0 M||255.3 M||22.5 M||134.7 M||58.5 M|
|- Institutional holdings (%)||92.3%||91.4%||85.6%||96.4%||106.5%|
|- Insider holdings (%)||2.4%||0.2%||2.5%||0.2%||0.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, August 19th, 2019|
|Day range||$47.28 - $48.67|
|Average true range||$1.65|
|50d mov avg||$52.12|
|100d mov avg||$53.01|
|200d mov avg||$57.91|
Centene performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Centene to Anthem, Triple-S Management, Humana, Molina Healthcare and WellCare Health Plans:
|WCGWellCare Health P...||-0.12%||-1.72%||-6.91%|
Centene competitorsWe picked a few stocks to conform a list of Centene competitors to review if you are interested in investing in CNC:
- Anthem (ANTM)
- Triple-S Management (GTS)
- Humana (HUM)
- Molina Healthcare (MOH)
- WellCare Health Plans (WCG)
Latest Centene stock news
- Seeking AlphaCentene: A Growth Healthcare Stock At A Bargain ValueJuly 12, 2019
- Seeking AlphaCentene Undervalued; Patient Shareholders Will ProfitJuly 9, 2019
- InvestorPlace3 Big Stock Charts for Tuesday: Mosaic, Centene and American AirlinesJuly 2, 2019
- InvestorPlace3 Big Stock Charts for Tuesday: Centene, Boston Scientific and Hewlett Packard EnterpriseMay 28, 2019
- InvestorPlaceThursday’s Vital Data: Centene, Netflix and AppleMarch 28, 2019