Key Takeaways From Centene Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Centene (NYSE:CNC), with recent ratings ranging from bullish to bearish. The average 12-month price target for CNC is $83.00, with a high of $90.00 and a low of $74.00, reflecting a 6.41% increase from the previous target of $78.00. Notable analysts from firms like Wells Fargo, Truist Securities, UBS, Cantor Fitzgerald, and Jefferies have updated their ratings and price targets, with most raising their targets except for Jefferies, which lowered its target from $82.00 to $81.00. Centene's financial performance shows solid revenue growth but below-average net margins and a high debt-to-equity ratio, although it has an impressive ROE and ROA.
January 02, 2024 | 3:00 pm
News sentiment analysis
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POSITIVE IMPACT
Centene's stock may see a positive short-term impact due to the majority of analysts raising their price targets, indicating a bullish sentiment. The average price target increase to $83.00 suggests confidence in the company's growth potential.
The increase in the average price target for Centene by analysts suggests a positive outlook on the company's future performance. This, combined with the overall bullish sentiment from the majority of analysts, is likely to instill confidence in investors and could lead to a short-term increase in the stock price. However, the presence of a single lowered target and concerns over net margins and debt levels may temper the impact slightly.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100