Centene stock: buy or sell?

CNC stock price: $47.44 -1.19% At close on August 19th, 2019

Updated on:
August 19th, 2019

1

Centene decreased a lame -1.19% and closed at $47.44.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is CNC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-12Morgan Stanleyn/aOverweight
2019-5-10CitigroupNeutralBuy
2019-4-24SunTrust Banksn/aBuy
2019-4-24Morgan StanleyOverweightOverweight
2019-3-29Credit Suisse GroupNeutralNeutral
2019-3-29Argusn/aHold
2019-2-7Jefferies Financial Groupn/aBuy
2019-2-6Oppenheimern/aOutperform
2019-2-28Cowenn/aOutperform
2019-2-27Cantor Fitzgeraldn/aBuy
2019-1-14Stephensn/aOverweight

Centene stock analysis

Daily outlook

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%).

CNC stock chart (daily)

Weekly outlook

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.

CNC stock chart (weekly)

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 $75.20

How 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:
CNC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-12Morgan StanleyLowers Target$75.00$71.00-5.3%
2019-5-10CitigroupUpgradesn/a$69.00-
2019-4-24SunTrust BanksLowers Targetn/a$80.00-
2019-4-24Morgan StanleyLowers Target$83.00$75.00-9.6%
2019-3-29Credit Suisse GroupLowers Target$76.00$63.00-17.1%
2019-2-7Jefferies Financial GroupReiteratesn/a$76.00-
2019-2-6OppenheimerLowers Target$165.00$83.00-49.7%
2019-2-28CowenInitiatesn/a$77.00-
2019-2-27Cantor FitzgeraldReiteratesn/a$83.00-
(in average)$99.80$75.20-25.0%
The price target for Centene stock is $75.20, moving in a range between $83.00 and $63.00. In average, analysts' outlook on CNC price target is negative, downgrading the prediction by a -25.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on February, Centene . Unfortunately, reported EPS is not yet available in our database.
CNC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.44n/a
2017-Q32017-10-241.241.358.9%
2017-Q42018-02-060.930.974.3%
2018-Q12018-04-240.961.0913.5%
2018-Q22018-07-240.880.92.3%
2018-Q32018-10-230.880.891.1%
2018-Q42019-02-050.670.693.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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%.

CNC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$10,860 M-$161 M1.5%-
2014$16,560 M52.49%$271 M1.6%68.09%
2015$22,760 M37.44%$355 M1.6%31.00%
2016$40,607 M78.41%$562 M1.4%58.31%
2017$48,382 M19.15%$828 M1.7%47.33%
2018$60,116 M24.25%$900 M1.5%8.70%

Quarterly financial results

Centene 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.
CNC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$11,950 M-$254 M2.1%-
2017-Q3$11,900 M-0.42%$205 M1.7%-19.29%
2017-Q4$12,806 M7.61%$230 M1.8%12.20%
2018-Q1$13,194 M3.03%$340 M2.6%47.83%
2018-Q2$14,181 M7.48%$300 M2.1%-11.76%
2018-Q3$16,182 M14.11%$19 M0.1%-93.67%
2018-Q4$16,559 M2.33%$241 M1.5%1,168.42%
2019-Q1$18,444 M11.38%$522 M2.8%116.60%

Centene ownership

When 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:

CNCANTMGTSHUMMOH
Market cap$8.2 B$70.3 B$564.1 M$40.3 B$8.6 B
Total shares173.6 M257.2 M23.3 M135.0 M62.6 M
Float shares408.0 M255.3 M22.5 M134.7 M58.5 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 selling0.0%0.0%0.0%0.0%0.0%

Centene summary

Monday, August 19th, 2019
Open$48.67
Close$47.44
Day range$47.28 - $48.67
Previous close$48.01
Session gain-1.19%
Average true range$1.65
50d mov avg$52.12
100d mov avg$53.01
200d mov avg$57.91
Daily patternlt03a
Weekly pattern lb06a

Centene performance

Stocks 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:
Stock3m6m12m
CNCCentene-16.58%-25.89%-34.67%
ANTMAnthem-1.11%-13.23%4.13%
GTSTriple-S Manageme...-9.05%17.86%-0.33%
HUMHumana13.61%-3.19%-9.25%
MOHMolina Healthcare5.39%0.99%1.37%
WCGWellCare Health P...-0.12%-1.72%-6.91%

Centene competitors

We picked a few stocks to conform a list of Centene competitors to review if you are interested in investing in CNC:

Latest Centene stock news