Stock analysts at BMO Capital Markets hoisted their price objective on shares of Centene Corp. (NYSE:CNC) to $56.00 in a report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 4.71% from the stock’s previous close.
Shares of Centene Corp. (NYSE: CNC) opened at 58.77 on Wednesday. Centene Corp. has a one year low of $34.73 and a one year high of $59.96. The stock’s 50-day moving average is currently $52.50. The company has a market cap of $3.198 billion and a P/E ratio of 9795.00.
Centene Corp. (NYSE:CNC) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.15. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. Centene Corp. has set its FY13 guidance at $2.65-2.90 EPS. Analysts expect that Centene Corp. will post $2.72 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Centene Corp. in a research note to investors on Wednesday. They now have a $65.00 price target on the stock, up previously from $55.00. Separately, analysts at Cantor Fitzgerald upgraded shares of Centene Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $65.00 price target on the stock, up previously from $50.00. Finally, analysts at Deutsche Bank raised their price target on shares of Centene Corp. from $47.00 to $52.00 in a research note to investors on Tuesday, July 16th. They now have a “hold” rating on the stock.
Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.07.
Centene Corporation is a multi-line healthcare enterprise, which provides programs and services to the number of under-insured and uninsured individuals.
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