10 Analysts Assess Centene: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Centene (NYSE:CNC), with ratings ranging from bullish to bearish over the last quarter. The average 12-month price target is $93.3, slightly down from $93.62. Recent actions by analysts include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Centene, a managed-care organization, has shown solid revenue growth and strong financial performance indicators such as net margin, ROE, and ROA, despite challenges in debt management.
May 02, 2024 | 7:01 pm
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NEUTRAL IMPACT
Centene's mixed analyst ratings and slight decline in average price target reflect cautious optimism. Solid revenue growth and strong financial indicators suggest resilience, but debt management remains a concern.
The mixed analyst ratings indicate uncertainty, but the overall positive financial indicators such as revenue growth, net margin, ROE, and ROA suggest a stable outlook for Centene. However, the high debt-to-equity ratio introduces a level of financial risk that could temper investor enthusiasm in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100