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Centene (CNC-N)
NYSE:CNC
59.39
1.39
(2.40%) 1d
Financials
Technical Analysis
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Fed jitters pressure marketsThis summary was created by AI, based on 4 opinions in the last 12 months.
Centene (CNC-N) is facing technical challenges with lower lows and lower highs, indicating a negative trend. However, it is currently testing support from 2023, which could potentially improve the picture. Stockchase Research Editor Michael O'Reilly sees Centene as a provider of healthcare to under-insured families and military personnel in the US, with growing cash reserves, debt retirement, and stock buybacks. The company is trading at a reasonable valuation with considerable upside potential. Overall, while there are technical challenges, the fundamentals of Centene remain strong.
$61.595
No
Our PAST TOP PICK with CNC has triggered its stop at $72. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 5%, when combined with our previous recommendation.
We reiterate CNC, a provider of healthcare to under-insured families and military personnel in the US as a TOP PICK. It continues to build cash reserves, while retiring debt and buying back shares. It trades at 16x earnings, under 2x book and supports a 10% ROE. We recommend trailing up the stop (from $63) to $72, looking to achieve $90 — upside potential of 16%. Yield 0%
(Analysts’ price target is $89.64)CNC provides healthcare to under-insured families and military personnel in the US. Healthcare is a sector expected to grow for years to come as the population ages. It trades at 1.6x book and 17x earnings. Cash reserves are growing as stock is aggressively bought back and debt is retired. We recommend placing a stop-loss at $63, looking to achieve $88 -- upside potential of 20%. Yield 0%
(Analysts’ price target is $88.33)About as cheap as it's been in the last 5 years at 1.25x book. FMV is 93% above current price. Earnings and FMV continue to rise. A good buying opportunity.
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Centene(CNC-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Centene(CNC-N) Frequently Asked Questions
What is Centene stock symbol?
Centene is a American stock, trading under the symbol CNC-N on the New York Stock Exchange (CNC). It is usually referred to as NYSE:CNC or CNC-N
Is Centene a buy or a sell?
In the last year, 1 stock analyst published opinions about CNC-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Centene.
Is Centene a good investment or a top pick?
Centene was recommended as a Top Pick by on . Read the latest stock experts ratings for Centene.
Why is Centene stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Centene worth watching?
1 stock analyst on Stockchase covered Centene In the last year. It is a trending stock that is worth watching.
What is Centene stock price?
On 2024-12-13, Centene (CNC-N) stock closed at a price of $59.39.
Support level has definitely been broken. Lower lows, lower highs. All that is negative technically. Looking at a 3-year chart, now testing support from 2023. If that can hold, it's not so bad a picture.