Centene Corp Stock Analysis
CNC Stock | USD 76.19 0.35 0.46% |
Centene Corp is fairly valued with Real Value of 78.71 and Target Price of 81.56. The main objective of Centene Corp stock analysis is to determine its intrinsic value, which is an estimate of what Centene Corp is worth, separate from its market price. There are two main types of Centene Corp's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Centene Corp's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Centene Corp's stock to identify patterns and trends that may indicate its future price movements.
The Centene Corp stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Centene Corp is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Centene Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Centene Corp's ongoing operational relationships across important fundamental and technical indicators.
Centene |
Centene Stock Analysis Notes
About 98.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.46. Some equities with similar Price to Book (P/B) outperform the market in the long run. Centene Corp has Price/Earnings To Growth (PEG) ratio of 0.68. The entity last dividend was issued on the 29th of October 2010. The firm had 2:1 split on the 7th of February 2019. Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people. For more info on Centene Corp please contact Rich Fisher at 314 725 4477 or go to https://www.centene.com.Centene Corp Quarterly Total Revenue |
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Centene Corp Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Centene Corp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Centene Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Centene Corp has a strong financial position based on the latest SEC filings | |
Over 98.0% of the company shares are held by institutions such as insurance companies | |
Latest headline from finance.yahoo.com: How Should You Play Centene Ahead of Q1 Earnings |
Centene Corp Upcoming and Recent Events
Earnings reports are used by Centene Corp to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Centene Corp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
6th of February 2024 Upcoming Quarterly Report | View | |
23rd of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
6th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Centene Largest EPS Surprises
Earnings surprises can significantly impact Centene Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2012-07-24 | 2012-06-30 | -0.03 | -0.04 | -0.01 | 33 | ||
2010-07-27 | 2010-06-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2010-04-27 | 2010-03-31 | 0.09 | 0.1 | 0.01 | 11 |
Centene Corp Thematic Classifications
In addition to having Centene Corp stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
InsuranceUSA Equities from Insurance industry as classified by Fama & French | ||
ObamacareCompanies that count on Obamacare to take off |
Centene Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Centene Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Centene Corp backward and forwards among themselves. Centene Corp's institutional investor refers to the entity that pools money to purchase Centene Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Goldman Sachs Group Inc | 2023-12-31 | 9.1 M | Amvescap Plc. | 2023-12-31 | 8.8 M | Boston Partners Global Investors, Inc | 2023-12-31 | 8.6 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 6.3 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 6.1 M | Arrowstreet Capital Limited Partnership | 2023-12-31 | 5.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 5.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 5.6 M | Ameriprise Financial Inc | 2023-12-31 | 5.6 M | Vanguard Group Inc | 2023-12-31 | 61.2 M | Blackrock Inc | 2023-12-31 | 40.8 M |
Centene Market Capitalization
The company currently falls under 'Large-Cap' category with a total capitalization of 40.57 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Centene Corp's market, we take the total number of its shares issued and multiply it by Centene Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Centene Profitablity
Centene Corp's profitability indicators refer to fundamental financial ratios that showcase Centene Corp's ability to generate income relative to its revenue or operating costs. If, let's say, Centene Corp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Centene Corp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Centene Corp's profitability requires more research than a typical breakdown of Centene Corp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.02 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.01 %, which entails that for every 100 dollars of revenue, it generated $0.01 of operating income. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.04 | 0.05 | |
Return On Capital Employed | 0.06 | 0.06 | |
Return On Assets | 0.03 | 0.04 | |
Return On Equity | 0.10 | 0.08 |
Management Efficiency
Centene Corp has Return on Asset of 0.037 % which means that on every $100 spent on assets, it made $0.037 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1075 %, implying that it generated $0.1075 on every 100 dollars invested. Centene Corp's management efficiency ratios could be used to measure how well Centene Corp manages its routine affairs as well as how well it operates its assets and liabilities. At present, Centene Corp's Return On Assets are projected to increase slightly based on the last few years of reporting. At present, Centene Corp's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 6.4 B, whereas Net Tangible Assets are projected to grow to (1.4 B).Last Reported | Projected for Next Year | ||
Book Value Per Share | 47.56 | 49.94 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 4.23 | 4.44 | |
Enterprise Value Over EBITDA | 13.98 | 14.68 | |
Price Book Value Ratio | 1.56 | 1.62 | |
Enterprise Value Multiple | 13.98 | 14.68 | |
Price Fair Value | 1.56 | 1.62 | |
Enterprise Value | 8.8 B | 9.2 B |
The analysis of Centene Corp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Centene Corp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Centene Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.391 |
Technical Drivers
As of the 25th of April, Centene Corp shows the Risk Adjusted Performance of 0.0249, mean deviation of 0.9874, and Downside Deviation of 1.78. Centene Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Centene Corp, which can be compared to its peers. Please confirm Centene Corp maximum drawdown, and the relationship between the information ratio and downside variance to decide if Centene Corp is priced correctly, providing market reflects its regular price of 76.19 per share. Given that Centene Corp has jensen alpha of (0.03), we suggest you to validate Centene Corp's prevailing market performance to make sure the company can sustain itself at a future point.Centene Corp Price Movement Analysis
The output start index for this execution was four with a total number of output elements of fifty-seven. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Centene Corp middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Centene Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Centene Corp Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Centene Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Centene Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Centene Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Kenneth Burdick over three weeks ago Acquisition by Kenneth Burdick of 388 shares of Centene Corp subject to Rule 16b-3 | ||
Keith Williamson over six months ago Bona fide gift to Keith Williamson of 700 shares of Centene Corp subject to Section 16 |
Centene Corp Outstanding Bonds
Centene Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Centene Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Centene bonds can be classified according to their maturity, which is the date when Centene Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Centene 425 percent Corp BondUS15135BAR24 | View | |
Centene 4625 percent Corp BondUS15135BAT89 | View | |
US15135BAZ40 Corp BondUS15135BAZ40 | View | |
Centene 3375 percent Corp BondUS15135BAV36 | View | |
CENTENE P DEL Corp BondUS15135BAW19 | View | |
US15135BAX91 Corp BondUS15135BAX91 | View | |
US15135BAY74 Corp BondUS15135BAY74 | View |
Centene Corp Predictive Daily Indicators
Centene Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Centene Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Centene Corp Corporate Filings
3rd of April 2024 Other Reports | ViewVerify | |
F4 | 2nd of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 29th of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
28th of March 2024 Other Reports | ViewVerify | |
F4 | 19th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 11th of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 1st of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
ASR | 21st of February 2024 Automatic Shelf Registration Statement under Rule 415 filed with the U.S. Securities and Exchange Commission (SEC) | ViewVerify |
Centene Corp Forecast Models
Centene Corp's time-series forecasting models are one of many Centene Corp's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Centene Corp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Centene Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Centene Corp prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Centene shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Centene Corp. By using and applying Centene Stock analysis, traders can create a robust methodology for identifying Centene entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.02 | 0.03 | |
Operating Profit Margin | 0.02 | 0.03 | |
Net Profit Margin | 0.02 | 0.02 | |
Gross Profit Margin | 0.20 | 0.21 |
Current Centene Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Centene analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Centene analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
81.56 | Buy | 18 | Odds |
Most Centene analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Centene stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Centene Corp, talking to its executives and customers, or listening to Centene conference calls.
Centene Stock Analysis Indicators
Centene Corp stock analysis indicators help investors evaluate how Centene Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Centene Corp shares will generate the highest return on investment. By understating and applying Centene Corp stock analysis, traders can identify Centene Corp position entry and exit signals to maximize returns.
Begin Period Cash Flow | 12.1 B | |
Long Term Debt | 17.7 B | |
Common Stock Shares Outstanding | 545.7 M | |
Total Stockholder Equity | 25.8 B | |
Tax Provision | 1.2 B | |
Quarterly Earnings Growth Y O Y | -0.316 | |
Property Plant And Equipment Net | 2 B | |
Cash And Short Term Investments | 19.7 B | |
Cash | 17.2 B | |
Accounts Payable | 17.9 B | |
Net Debt | 636 M | |
50 Day M A | 76.476 | |
Total Current Liabilities | 36.7 B | |
Other Operating Expenses | 151.1 B | |
Non Current Assets Total | 43.9 B | |
Forward Price Earnings | 10.3734 | |
Non Currrent Assets Other | 6.1 B | |
Stock Based Compensation | 216 M |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Centene Stock analysis
When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Earnings Share 4.95 | Revenue Per Share 260.006 | Quarterly Revenue Growth 0.056 | Return On Assets 0.037 |
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.