NYSE:CNC
Centene (CNC)
Financials 
Technical Analysis 
Jun 8, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Centene (CNC-N) is currently facing significant challenges that are impacting its performance. Experts point to several issues affecting the healthcare sector, including rising medical loss ratios (MLRs) and a pullback in guidance, which could hinder earnings recovery in the near term. A recent stock plunge of over 40% was prompted by the company withdrawing its full-year forecast due to disappointing sales from Affordable Care Act (ACA) plans. Furthermore, Centene anticipates a $1.8 billion decrease in risk-adjustment revenue from the federal government and a substantial $2.75 dip in earnings per share (EPS) for the year. Issues with fraudulent claims in the ACA market are compounding their struggles, suggesting that the current market environment is less favorable for Centene and its peers.
Tanked over 40% today because yesterday they withdrew their full-year forecast due to low sales on ACA (Obamacare) plans. Market growth in 22 states is lower than expected; expects a $1.8 billion reduction in expected risk-adjustment revenue transfers from Washington. Also expects a $2.75 hit to EPS this year. No wonder shares were hammered. Them and these are peers are paying out a lot more than they had expected. A major problem are fraudulent claims in ACA.
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Premium contentOur 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.
Premium contentWe 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)Premium contentCNC 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)
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Centene (CNC) Frequently Asked Questions
What is Centene stock symbol?
Centene is a American stock, trading under the symbol CNC (previously CNC-N on Stockchase) on the New York Stock Exchange (CNC). It is usually referred to as NYSE:CNC or CNC
Is Centene a buy or a sell?
In the last year, 2 stock analysts published opinions about CNC (previously CNC-N on Stockchase). 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Jim Cramer - Mad Money on 2021-11-22. 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?
2 stock analysts on Stockchase covered Centene in the last year. It is a trending stock that is worth watching.
What is Centene stock price?
On 2026-06-08, Centene (CNC) stock closed at a price of $65.03.
He's down on this name for the reasons that are hitting the space as a whole such as MLRs creeping up, guidance being pulled back, and Trump administration policies. We're in a portion of the cycle where earnings aren't going to come back quickly. Hold off for now with new $$; revisit in 2026.