Credit Suisse:Centene (NYSE:CNC) Valuation Insights


How Credit Suisse Currently Rates Centene (NYSE:CNC)

Analysts at Credit Suisse began coverage for shares of Centene (NYSE:CNC) in a recent report shared with investors on 16 December. The broker set a “Outperform” rating on the $7.01 billion market cap firm.

From a total of 15 analysts covering Centene Corporation (NYSE:CNC) stock, 12 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $93 while the lowest target price is $60. The mean of all analyst targets is $81.07 with a 21.26% above today’s ($60.2) stock price. Centene Corporation was the topic of 4 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Citigroup initiated shares on October 2 with “Buy” rating. Goldman Sachs downgraded CNC stock in a recent report from July 22 to “Sell” rating.

Approximately 947,252 shares of stock traded hands. Centene Corp (NYSE:CNC) has declined 12.99% since May 13, 2015 and is downtrending. It has underperformed by 10.37% the S&P500.

The overall sentiment of institutions has increased to 1.29 in Q2 2015. Its up 0.07, from 1.22 in 2015Q2. The ratio improved, as 52 institutions have sold all the shares of Centene Corp that they owned while 140 funds have taken shares off the table. 77 funds have purchased shares for the first time while 171 added to their positions. These institutions now hold 127.19 million shares or 16.09% more than the 109.56 million shares they owned in 2015Q2.

The Fund Blue Jay Capital Management Llc currently is holding shares equating to 5.04% of its total portfolio in Centene Corp representing a total of 236,504 shares. Another fund,Southernsun Asset Management Llc, is holding a total of 4.11 million shares equating to 4.93% of their holdings. Additionally, Bridger Management Llc has a 1.18 million share stake in Centene Corp which represents 4.35% of their total portfolio. The Fund, Rudman Errol M, based out of New York, has also built up a stake in the stock, which represents a total of 3.07% of their total portfolio. Finally Navellier & Associates Inc, a fund which is based in the state of Nevada reported a total holdings of 356,823 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 11, 2015, shareholders of Centene Corp have witnessed 0 buys, and a total of 4 selling transactions equating to a net activity of approximately $2.75 million . Ditmore Robert K sold 15,000 shares worth approximately $1.04M. Eppinger Frederick H sold 10,774 shares worth approximately $741,251. Goldman Carol sold 5,000 shares worth approximately $406,000. Williamson Keith H sold 7,000 shares worth approximately $566,090. The company insider Scheffel William N sold 25,290 shares worth $2.00 million.

Centene Corporation is a healthcare company. The company has a market cap of $7.01 billion. The Firm provides programs and services to Government sponsored healthcare programs. It has 21.09 P/E ratio. It offers member-focused services by assisting in accessing care, coordinating referrals to related health and social services, and addressing member concerns and questions.

According to Zacks Investment Research, “Centene Corporation provides managed care programs and related services to individuals receiving benefits under Medicaid, including Supplemental Security Income, and the State Children’s Health Insurance Program.”