Centene Corp Stock Today

CNC Stock  USD 77.02  1.55  2.05%   

Performance

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Odds Of Distress

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Centene Corp is trading at 77.02 as of the 18th of March 2024, a 2.05% increase since the beginning of the trading day. The stock's open price was 75.47. Centene Corp has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat weak performance during the last 90 days. Equity ratings for Centene Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2022 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
13th of December 2001
Category
Healthcare
Classification
Health Care
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. The company has 534.86 M outstanding shares of which 8.84 M shares are currently shorted by investors with about 3.14 days to cover. More on Centene Corp

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Centene Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Centene Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Centene Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Centene Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Centene Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEORich Fisher
Thematic Ideas
(View all Themes)
Old NameChangshouhua Food Company Limited
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, SP 500 Index, Obamacare, Insurance, Health Care, Health Care Providers & Services, Healthcare Plans, Healthcare (View all Sectors)
Excise Tax ActivitiesCatholic
Average Analyst Recommendation
Analysts covering Centene Corp report their recommendations after researching Centene Corp's financial statements, talking to executives and customers, or listening in on Centene Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Centene Corp. The Centene consensus assessment is calculated by taking the average forecast from all of the analysts covering Centene Corp.
Financial Strength
Based on the analysis of Centene Corp's profitability, liquidity, and operating efficiency, Centene Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Centene Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.631.8194
Way Up
Slightly volatile
Gross Profit Margin0.210.2048
Fairly Up
Slightly volatile
Total Current Liabilities38.6 B36.7 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total23.1 B22 B
Sufficiently Up
Slightly volatile
Total Assets88.9 B84.6 B
Sufficiently Up
Slightly volatile
Total Current Assets42.8 B40.8 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities8.5 B8.1 B
Sufficiently Up
Slightly volatile
Centene Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Centene Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Centene Corp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Centene Corp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Centene Corp's financial leverage. It provides some insight into what part of Centene Corp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Centene Corp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Centene Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Centene Corp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 17.83 B in debt with debt to equity (D/E) ratio of 0.84, which is OK given its current industry classification. Centene Corp has a current ratio of 1.04, demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due. Debt can assist Centene Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Centene Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Centene Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Centene to invest in growth at high rates of return. When we think about Centene Corp's use of debt, we should always consider it together with cash and equity.

Free Cash Flow

7.62 Billion
Centene Corp (CNC) is traded on New York Stock Exchange in USA. It is located in Centene Plaza, Saint Louis, MO, United States, 63105 and employs 67,700 people. Centene Corp is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 40.37 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Centene Corp's market, we take the total number of its shares issued and multiply it by Centene Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Centene Corp runs under Health Care Providers & Services sector within Health Care industry. The entity has 534.86 M outstanding shares of which 8.84 M shares are currently shorted by investors with about 3.14 days to cover. Centene Corp has about 12.07 B in cash with 8.05 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 30.34.
Check Centene Corp Probability Of Bankruptcy
Ownership Allocation
Centene Corp holds a total of 534.86 Million outstanding shares. The majority of Centene Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Centene Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Centene Corp. Please pay attention to any change in the institutional holdings of Centene Corp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Centene Ownership Details

Centene Stock Price Odds Analysis

What are Centene Corp's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Centene Corp jumping above the current price in 90 days from now is about 40.6%. The Centene Corp probability density function shows the probability of Centene Corp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Centene Corp has a beta of 0.4704 suggesting as returns on the market go up, Centene Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Centene Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Centene Corp is significantly underperforming NYSE Composite.
  Odds Below 77.02HorizonTargetOdds Above 77.02
59.00%90 days
 77.02 
40.60%
Based on a normal probability distribution, the odds of Centene Corp to move above the current price in 90 days from now is about 40.6 (This Centene Corp probability density function shows the probability of Centene Stock to fall within a particular range of prices over 90 days) .

Centene Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Centene Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Centene Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Centene Corp's value.
InstituionRecorded OnShares
Goldman Sachs Group Inc2023-12-31
9.1 M
Amvescap Plc.2023-12-31
8.8 M
Boston Partners Global Investors, Inc2023-12-31
8.6 M
Ubs Asset Mgmt Americas Inc2023-12-31
6.3 M
T. Rowe Price Associates, Inc.2023-12-31
6.1 M
Arrowstreet Capital Limited Partnership2023-12-31
5.8 M
Bank Of New York Mellon Corp2023-12-31
5.7 M
Morgan Stanley - Brokerage Accounts2023-12-31
5.6 M
Ameriprise Financial Inc2023-12-31
5.6 M
Vanguard Group Inc2023-12-31
61.2 M
Blackrock Inc2023-12-31
40.8 M
View Centene Corp Diagnostics

Centene Corp Historical Income Statement

Centene Corp Income Statement is one of the three primary financial statements used for reporting Centene's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Centene Corp revenue and expense. Centene Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Centene Corp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 161.7 B, whereas Discontinued Operations is forecasted to decline to about 1.8 M. View More Fundamentals

Centene Stock Against Markets

Picking the right benchmark for Centene Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Centene Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Centene Corp is critical whether you are bullish or bearish towards Centene Corp at a given time. Please also check how Centene Corp's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Centene Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Centene Corp Corporate Directors

Centene Corp corporate directors refer to members of a Centene Corp board of directors. The board of directors generally takes responsibility for the Centene Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Centene Corp's board members must vote for the resolution. The Centene Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Vicki EscarraDirectorProfile
Lori RobinsonIndependent DirectorProfile
Robert DitmorePresiding Independent DirectorProfile
Jessica BlumeIndependent DirectorProfile

How to buy Centene Stock?

Before investing in Centene Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Centene Corp. To buy Centene Corp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Centene Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Centene Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Centene Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Centene Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Centene Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Centene Stock please use our How to Invest in Centene Corp guide.

Already Invested in Centene Corp?

The danger of trading Centene Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Centene Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Centene Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Centene Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.32)
Earnings Share
4.95
Revenue Per Share
260.006
Quarterly Revenue Growth
0.056
Return On Assets
0.037
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.