Is Centene Corp Stock a Good Investment?
Centene Corp Investment Advice | CNC |
- Examine Centene Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Centene Corp's leadership team and their track record. Good management can help Centene Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Providers & Services space and any emerging trends that could impact Centene Corp's business and its evolving consumer preferences.
- Compare Centene Corp's performance and market position to its competitors. Analyze how Centene Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Centene Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Centene Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Centene Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Centene Corp is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Centene Corp Stock
Researching Centene Corp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 100.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.11. 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 0.64. The entity recorded earning per share (EPS) of 5.79. The firm last dividend was issued on the 29th of October 2010. Centene Corp had 2:1 split on the 7th of February 2019.
To determine if Centene Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Centene Corp's research are outlined below:
| Centene Corp generated a negative expected return over the last 90 days | |
| Centene Corp has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Centene Corporation Stock Has Shown Weakness Lately But Financials Look Strong Should Prospective Shareholders Make The Leap |
Centene Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Centene Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Centene Corp's 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 |
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. Below are the table of largest EPS Surprises Centene Corp's investors have experienced.
| 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 | ||
2009-04-28 | 2009-03-31 | 0.1 | 0.11 | 0.01 | 10 | ||
2007-04-24 | 2007-03-31 | 0.06 | 0.07 | 0.01 | 16 | ||
2006-10-24 | 2006-09-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2005-07-25 | 2005-06-30 | 0.08 | 0.09 | 0.01 | 12 | ||
2004-10-25 | 2004-09-30 | 0.06 | 0.07 | 0.01 | 16 |
Know Centene Corp's Top 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 | Amvescap Plc. | 2024-09-30 | 8.7 M | Arrowstreet Capital Limited Partnership | 2024-09-30 | 7.1 M | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 5.8 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 5.6 M | Jpmorgan Chase & Co | 2024-09-30 | 5.5 M | Aqr Capital Management Llc | 2024-09-30 | 5.4 M | Swedbank Ab | 2024-09-30 | 5.4 M | Bank Of New York Mellon Corp | 2024-09-30 | 5.3 M | Legal & General Group Plc | 2024-09-30 | 4.9 M | Vanguard Group Inc | 2024-09-30 | 60.1 M | Blackrock Inc | 2024-06-30 | 47.4 M |
Centene Corp's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 30.71 B.Market Cap |
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Centene Corp's profitablity analysis
| 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 |
Determining Centene Corp's profitability involves analyzing its financial statements and using various financial metrics to determine if Centene Corp is a good buy. For example, gross profit margin measures Centene Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Centene Corp's profitability and make more informed investment decisions.
Please note, the presentation of Centene Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Centene Corp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Centene Corp's management manipulating its earnings.
Evaluate Centene Corp's management efficiency
Centene Corp has Return on Asset of 0.0351 % which means that on every $100 spent on assets, it made $0.0351 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1156 %, implying that it generated $0.1156 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 1.6 B, whereas Net Tangible Assets are projected to grow to (1.4 B).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 47.77 | 50.16 | |
| Tangible Book Value Per Share | 4.23 | 4.44 | |
| Enterprise Value Over EBITDA | 7.48 | 13.33 | |
| Price Book Value Ratio | 1.56 | 1.62 | |
| Enterprise Value Multiple | 7.48 | 13.33 | |
| Price Fair Value | 1.56 | 1.62 | |
| Enterprise Value | 8.8 B | 9.2 B |
Leadership effectiveness at Centene Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 0.493 |
Basic technical analysis of Centene Stock
As of the 26th of December, Centene Corp shows the Mean Deviation of 1.69, risk adjusted performance of (0.1), and Standard Deviation of 2.25. 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.Centene Corp's 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.
Sarah London over three months ago Disposition of 48565 shares by Sarah London of Centene Corp at 70.83 subject to Rule 16b-3 | ||
Susan Smith over three months ago Disposition of 5984 shares by Susan Smith of Centene Corp at 68.93 subject to Rule 16b-3 | ||
Kenneth Burdick over three months ago Acquisition by Kenneth Burdick of 452 shares of Centene Corp subject to Rule 16b-3 | ||
Christopher Koster over six months ago Disposition of 1987 shares by Christopher Koster of Centene Corp at 67.93 subject to Rule 16b-3 | ||
Kenneth Burdick over six months ago Acquisition by Kenneth Burdick of 388 shares of Centene Corp subject to Rule 16b-3 | ||
Keith Williamson over a year ago Bona fide gift to Keith Williamson of 700 shares of Centene Corp subject to Section 16 |
Centene Corp's Outstanding Corporate 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.
| Cenovus Energy 425 Corp BondUS15135UAM18 | View | |
| Cenovus Energy 675 Corp BondUS15135UAF66 | View | |
| Cenovus Energy 54 Corp BondUS15135UAR05 | View | |
| CENOVUS ENERGY INC Corp BondUS15135UAS87 | View | |
| Cenovus Energy 525 Corp BondUS15135UAP49 | View | |
| CVECN 375 15 FEB 52 Corp BondUS15135UAX72 | View | |
| CVECN 265 15 JAN 32 Corp BondUS15135UAW99 | View | |
| Centene 425 percent Corp BondUS15135BAR24 | View |
Understand Centene Corp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Centene Corp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.1) | |||
| Market Risk Adjusted Performance | 3.83 | |||
| Mean Deviation | 1.69 | |||
| Coefficient Of Variation | (755.75) | |||
| Standard Deviation | 2.25 | |||
| Variance | 5.08 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 3.82 | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 2.91 | |||
| Skewness | (1.07) | |||
| Kurtosis | 2.69 |
| Risk Adjusted Performance | (0.1) | |||
| Market Risk Adjusted Performance | 3.83 | |||
| Mean Deviation | 1.69 | |||
| Coefficient Of Variation | (755.75) | |||
| Standard Deviation | 2.25 | |||
| Variance | 5.08 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 3.82 | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 2.91 | |||
| Skewness | (1.07) | |||
| Kurtosis | 2.69 |
Consider Centene Corp's intraday 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
F4 | 19th of December 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 | 12th of December 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
Centene Stock media impact
Far too much social signal, news, headlines, and media speculation about Centene Corp that are available to investors today. That information is available publicly through Centene media outlets and privately through word of mouth or via Centene internal channels. However, regardless of the origin, that massive amount of Centene data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Centene Corp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Centene Corp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Centene Corp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Centene Corp alpha.
Centene Corp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Centene Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Centene Corp Historical Investor Sentiment
Investor biases related to Centene Corp's public news can be used to forecast risks associated with an investment in Centene. The trend in average sentiment can be used to explain how an investor holding Centene can time the market purely based on public headlines and social activities around Centene Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Centene Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Centene Corp and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Centene Corp news discussions. The higher the estimate score, the more favorable the investor's outlook on Centene Corp.
Centene Corp Corporate Directors
| Richard Gephardt | Independent Director | Profile | |
| David Steward | Independent Director | Profile | |
| Lori Robinson | Independent Director | Profile | |
| Robert Ditmore | Presiding Independent Director | Profile |
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 closely tied 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Health Care Providers & Services space 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 0.565 | Earnings Share 5.79 | Revenue Per Share 275.741 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0351 |
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.
In summary, please note that there is a difference between Centene Corp's value and its price, as these two are different measures arrived at by various 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.