Centene (CNC) Receives a Buy from Bernstein
Bernstein analyst Lance Wilkes maintained a Buy rating on Centene today and set a price target of $59.00.
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According to TipRanks, Wilkes is a 2-star analyst with an average return of 0.8% and a 50.00% success rate. Wilkes covers the Healthcare sector, focusing on stocks such as CVS Health, Agilon Health, and Centene.
The word on The Street in general, suggests a Hold analyst consensus rating for Centene with a $43.46 average price target.
Based on Centene’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $49.69 billion and a GAAP net loss of $6.63 billion. In comparison, last year the company earned a revenue of $42.02 billion and had a net profit of $713 million
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNC in relation to earlier this year. Last month, Kenneth Burdick, a Director at CNC sold 66,007.00 shares for a total of $2,575,601.44.
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