Centene stock: buy or sell?
December 6th, 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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Centene stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|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?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 13 ratings published for CNC stock in the last month. The general sentiment of these ratings is bullish for CNC stock, with 11 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 appreciated a nice 1.60% and closed at $60.98.
Shares of Centene appreciated a nice 1.60% and closed at $60.98. In the last 31 days when CNC stock price broke up the SMA200d line, it gained $10.15 (19.97%). CNC shows a short term strength with several rising tops and rising bottoms. In the very short term, on Tuesday it marked a new bottom at $58.53 that should act a support if Centene starts a trading flat base in the range of $58.53 - $61.29 If Centene breakouts over $61.29 with average or higher volume, this would be a clear signal that the uptrend resumes. Since SMA50d and SMA100d crossed up on November/25, CNC price climbed $1.53 per share (2.57%).
Centene inched a tiny 0.84% this week. For 5 weeks in a row, price climbed and marked a profit of 18.35%. Early November CNC climbed a phenomenal 5.32% in just one week.
Since early November when CNC stock price broke up the SMA40w line, it gained $8.85 (16.98%).
Centene stock price history
Centene stock went public on December 13th, 2001 with a price of $1.191. Since then, CNC stock grew a 5,024.40%, with an average of 295.60% per year. If you had invested $1,000 in Centene stock in 2001, it would worth $50,244.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Centene stock historical price chart
CNC stock reached all-time highs with a price of $74.49.
Centene stock price target is $72.10How 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. You should not follow the analysts' CNC stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 12 price predictions for CNC stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-26||Morgan Stanley||Lowers Target||$64.00||$62.00||-3.1%|
|2019-8-23||Morgan Stanley||Lowers Target||$71.00||$64.00||-9.9%|
|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 . As soon as we get its actual EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an exceptional gain of 24.25% to $60,116.00 M USD. When comparing 2018 vs 2017, on the other hand, 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 million in sales for 2018-Q4, a 2.33% up compared to previous quarter. Reported quarter income 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 turnover to same quarter last year, Centene sales marked an astounding increase and skyrocketed 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 a stock, it's always worth to overview 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.
The following table compares ownership indicators for other stocks related to Centene:
|Market cap||$25.2 B||$72.3 B||$468.6 M||$46.1 B||$8.4 B|
|Total shares||413.8 M||253.6 M||24.3 M||132.4 M||62.7 M|
|Float shares||405.8 M||253.2 M||21.3 M||132.0 M||58.0 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%|
|Friday, December 6th, 2019|
|Day range||$60.18 - $61.29|
|Average true range||$1.30|
|50d mov avg||$51.65|
|100d mov avg||$49.85|
|200d mov avg||$52.36|
Centene performanceTo better understand Centene performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Centene performance to Anthem, Triple-S Management, Humana, Molina Healthcare and WellCare Health Plans:
|WCGWellCare Health P...||20.30%||12.24%||35.49%|
Centene competitorsWe picked a few stocks to conform a list of Centene competitors to watch 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