
Centene Corporation (CNC)
58.97 USD -3.90 (-6.20%) Volume: 8.66M
Centene Corporation’s stock price stands at 58.97 USD, witnessing a drop of 6.20% in the latest trading session with a trading volume of 8.66M. The year-to-date performance indicates a negative trend, down by 2.66%, reflecting the volatile nature of CNC’s stock.
Latest developments on Centene Corporation
Centene Corp has seen its stock price movements today following key events in the healthcare industry. During the Q1 earnings call, Centene raised its revenue guidance despite facing policy headwinds, showcasing its margin stability. Additionally, Delaware First Health and the Centene Foundation announced an open submission period for a grant program, highlighting the company’s commitment to community support. With top analysts rating healthcare stocks to watch now, investors are keeping a close eye on Centene Corp‘s performance in the market.
Centene Corporation on Smartkarma
Analysts at Baptista Research on Smartkarma are bullish on Centene Corp, citing the company’s strong performance in key segments. According to their research reports, Centene’s Medicare segment growth has been a significant driver of their optimism. The company’s financial results for the fourth quarter of 2024 showed solid earnings power, with robust performance across business lines like Medicare and Medicaid. This positive outlook is also supported by significant operational improvements within the company.
Furthermore, Baptista Research‘s analysis of Centene Corp highlights the company’s operational efficiency and utilization of AI as major drivers of optimism. The third-quarter financial results for 2024 exceeded expectations, with an adjusted diluted EPS of $1.62. The outperformance was attributed to tax benefits realized earlier than anticipated, along with accelerated income tax benefits. Overall, the analysts’ reports emphasize the strengths and ongoing challenges within Centene’s operations, contributing to their bullish sentiment towards the company.
A look at Centene Corporation Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 4 | |
Dividend | 1 | |
Growth | 5 | |
Resilience | 3 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Centene Corp has received a mixed bag of Smart Scores, with high marks in Growth and Value, but a low score in Dividend. This indicates that the company may have strong potential for long-term growth and is considered undervalued by investors. However, its low Dividend score suggests that it may not be a top choice for income-seeking investors.
Looking ahead, Centene Corp‘s overall outlook seems positive, with a solid score in Momentum indicating that the company is on a promising trajectory. Its Resilience score of 3 suggests that it may face some challenges, but its strong Growth score of 5 bodes well for its future performance. With a focus on Medicaid and specialty healthcare services, Centene Corp is positioned to continue its growth in the managed care industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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