Centene (CNC) Stock Forecast & Price Target

$60.37 +0.02 (+0.03%)

(As of 11/22/2024 ET)

Centene - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
7

Buy
7

Based on 14 Wall Street analysts who have issued ratings for Centene in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for CNC.

Consensus Price Target

$83.92
39.01% Upside

According to the 14 analysts' twelve-month price targets for Centene, the average price target is $83.92. The highest price target for CNC is $95.00, while the lowest price target for CNC is $66.00. The average price target represents a forecasted upside of 39.01% from the current price of $60.37.

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CNC Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$83.92	$84.17	$83.93	$83.39
Forecasted Upside	39.01% Upside	31.06% Upside	8.06% Upside	12.14% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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CNC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Centene Stock vs. The Competition

Type	Centene	Medical Companies	S&P 500
Consensus Rating Score	2.50	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	39.01% Upside	27,073.48% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent CNC News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/4/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$91.00 ➝ $90.00	+41.07%
10/30/2024	Sanford C. Bernstein 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$96.00 ➝ $88.00	+42.19%
10/29/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$97.00 ➝ $91.00	+47.58%
10/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$83.00 ➝ $66.00	+7.14%
10/1/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$90.00 ➝ $90.00	+20.10%
8/5/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$78.00 ➝ $78.00	+0.41%
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8/2/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$82.00 ➝ $87.00	+11.80%
7/31/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$80.00 ➝ $89.00	+14.68%
7/29/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$110.00 ➝ $95.00	+32.37%
7/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$83.00 ➝ $69.00	+6.37%
7/15/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$92.00 ➝ $89.00	+31.50%
7/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$85.00 ➝ $80.00	+21.56%
5/30/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ha Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
12/21/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$72.00 ➝ $79.00	+8.55%
9/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$79.00 ➝ $72.00	+17.51%
8/30/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$94.00 ➝ $73.00	+13.28%
7/12/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
7/11/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$80.00 ➝ $76.00	+12.91%
4/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$94.00 ➝ $87.00	+25.56%
2/14/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$101.00 ➝ $97.00	+32.73%
2/8/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$97.00 ➝ $74.00	+2.91%
2/8/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$110.00 ➝ $95.00	+33.84%
12/14/2022	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$95.00 ➝ $99.00	+18.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:31 AM ET.

Should I Buy Centene Stock? CNC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Centene pros and cons to contact@marketbeat.com.

Centene
Bull Case

Here are some ways that investors could benefit from investing in Centene Co.:

Centene Co. has shown consistent revenue growth over recent quarters, indicating a strong financial performance.
With a return on equity of 14.45%, Centene Co. demonstrates efficient use of shareholder funds to generate profits.
Centene Co.'s current stock price of $75.61 presents a potential buying opportunity for investors looking to enter at a reasonable valuation.
The company operates in various segments, including Medicaid, Medicare, Commercial, and Others, diversifying its revenue streams and reducing risk.
Analysts have provided positive ratings for Centene Co., with a consensus target price of $85.58, suggesting potential upside for investors.

Centene
Bear Case

Investors should be bearish about investing in Centene Co. for these reasons:

Centene Co. missed analysts' consensus estimates in its recent quarterly earnings report, which may raise concerns about its ability to meet expectations.
The company's net margin of 1.79% indicates relatively low profitability compared to industry peers, potentially impacting investor returns.
Centene Co. has a debt-to-equity ratio of 0.64, suggesting a moderate level of financial leverage that could pose risks in uncertain economic conditions.
Recent analyst downgrades, such as the shift from a "buy" rating to a "hold" rating, may signal potential challenges ahead for Centene Co.'s stock performance.
While the company has a market capitalization of $39.56 billion, its beta of 0.48 implies lower volatility compared to the market, which may limit potential gains for more risk-tolerant investors.

CNC Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Centene is $83.92, with a high forecast of $95.00 and a low forecast of $66.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centene in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNC shares.
: According to analysts, Centene's stock has a predicted upside of 39.01% based on their 12-month stock forecasts.
: Centene has been rated by research analysts at Barclays, Cantor Fitzgerald, Robert W. Baird, Sanford C. Bernstein, and Wells Fargo & Company in the past 90 days.
: Analysts like Centene less than other "medical" companies. The consensus rating score for Centene is 2.50 while the average consensus rating score for "medical" companies is 2.80. Learn more on how CNC compares to other companies.

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This page (NYSE:CNC) was last updated on 11/24/2024 by MarketBeat.com Staff

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Centene (CNC) Stock Forecast & Price Target