Centene (CNC-N)
NYSE:CNC
62.92
3.24
(5.43%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 2 opinions in the last 12 months.
Centene Corp (CNC-N) has a mixed outlook from experts. One expert indicates optimism, highlighting the company's strong performance in handling Medicaid, which is a significant portion of its business. They express that potential cuts to Medicaid could impact the stock negatively but remain hopeful as long as the company continues its current operations effectively. Conversely, another expert points out a concerning technical trend where the stock has breached support levels, indicating a bearish sentiment with lower lows and lower highs. They also mention that the stock is currently testing a critical support level from 2023, and should this hold, it may present a more favorable view. Overall, the sentiments reveal both hope and caution surrounding Centene's future based on external factors and technical analysis.
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%
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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 2025-05-07, Centene (CNC-N) stock closed at a price of $62.92.
Likes it, unless the House really passes Medicaid cuts, because Medicaid is a big part of its business and they do it very well.