Stock Rating Upgrade
In the last week the Value Trend Rating for Centene Corp (NYSE: CNC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Centene Corp (NYSE: CNC) stock declined modestly by -1.6% on 10/18/24. The stock closed at $62.02. Moreover, above average trading volume at 145% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -13.4% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Centene has a neutral Power Rating of 56 but a good Appreciation Score of 74, and the Positive Value Trend Rating results.
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