Demystifying Centene: Insights From 13 Analyst Reviews
Portfolio Pulse from Benzinga Insights
In the past three months, 13 analysts have provided ratings for Centene (NYSE:CNC), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target has decreased from $93.17 to $87.46. Analysts have recently adjusted their ratings and price targets, reflecting changing market dynamics and company performance. Centene has shown positive revenue growth and strong profitability metrics but faces challenges in debt management.
July 29, 2024 | 2:00 pm
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Centene has received mixed ratings from analysts over the past three months, with a decrease in the average 12-month price target from $93.17 to $87.46. The company has shown positive revenue growth and strong profitability metrics but faces challenges in debt management.
The mixed analyst ratings and lowered price targets indicate uncertainty about Centene's short-term performance. While the company has shown positive revenue growth and strong profitability, its higher debt-to-equity ratio poses a financial risk. These factors combined suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100