J.P. Morgan Remains a Hold on Centene (CNC)
In a report released yesterday, John Stansel from J.P. Morgan maintained a Hold rating on Centene, with a price target of $41.00. The company’s shares closed yesterday at $32.73.
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Stansel covers the Healthcare sector, focusing on stocks such as Centene, Molina Healthcare, and Henry Schein. According to TipRanks, Stansel has an average return of -7.6% and a 38.46% success rate on recommended stocks.
In addition to J.P. Morgan, Centene also received a Hold from TipRanks – Google’s Google Medical – Healthcare Plans in a report issued yesterday. However, on March 13, Goldman Sachs assigned a Sell rating to Centene (NYSE: CNC).
Based on Centene’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $49.73 billion and a GAAP net loss of $1.1 billion. In comparison, last year the company earned a revenue of $40.81 billion and had a net profit of $283 million
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