Centene Corp (NYSE: CNC) has reported earnings for its second fiscal quarter (ending June 30) of $2.16 versus $1.93 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.29 compared to $4.89 a year ago.
Recent Price Action
On 7/26/24, Centene Corp (NYSE: CNC) stock enjoyed a very large increase of 8.5%, closing at $73.10. Moreover, this advance was accompanied by exceptionally high trading volume at 240% of normal. The stock has risen 11.3% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CNC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Centene has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Centene has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 38, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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