5 Analysts Have This To Say About Centene
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on Centene (NYSE:CNC), showing a mix of sentiments but overall a slight positive shift with an increase in the average 12-month price target to $91.00 from $89.00. The ratings range from 'Equal-Weight' to 'Overweight', with price target adjustments reflecting analysts' reactions to market conditions and Centene's performance. Centene, a managed-care organization, has shown notable revenue growth and financial health, outperforming industry averages in net margin, ROE, and ROA, despite a higher debt-to-equity ratio.
March 25, 2024 | 12:00 pm
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POSITIVE IMPACT
Centene's stock may see short-term positive movement due to the slight increase in the average 12-month price target and mixed but overall positive analyst ratings. The company's strong financial performance and revenue growth further support a positive outlook.
The increase in the average 12-month price target and the positive shift in analyst sentiments, combined with Centene's strong financial performance indicators such as revenue growth, net margin, ROE, and ROA, suggest a positive short-term impact on CNC's stock price. However, the mixed sentiments and the company's higher debt-to-equity ratio introduce some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100