Centene Corp Stock Target Price and Analyst Consensus

CNC
 Stock
  

USD 86.21  1.60  1.89%   

The current analyst and expert consensus on Centene Corp is Buy, with 0 strong sell and 10 strong buy opinions. The current projected Centene Corp target price consensus is 92.36 with 14 analyst opinions. The most common way Centene Corp analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Centene Corp executives and customers to further validate their buy or sell advice. Centene Corp buy-or-sell recommendation module provides average expert sentiment on the projected Centene Corp target price to derive its highest and lowest estimates based on projected price volatility of 9.178. Continue to Macroaxis Advice on Centene Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
Refresh
The current year Gross Profit is expected to grow to about 15.3 B. The current year Profit Margin is expected to grow to 0.0125. Centene Corp Receivables is projected to increase significantly based on the last few years of reporting. The past year's Receivables was at 12.24 Billion. The current year Accounts Payable is expected to grow to about 9.2 B, whereas Accumulated Other Comprehensive Income is forecasted to decline to about 64.2 M.

Centene Corp Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Centene target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Centene target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Number of Opinions14
Lowered Outlook0
Raized Outlook0
Buy
Most Centene analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Centene stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Centene Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Centene Corp Target Price Projection

Centene Corp's current and average target prices are 86.21 and 92.36, respectively. The current price of Centene Corp is the price at which Centene Corp is currently trading. On the other hand, Centene Corp's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Centene Corp Market Quote on 2nd of July 2022

Low Price83.56Odds
High Price86.39Odds

86.21

Target Price

Analyst Consensus On Centene Corp Target Price

Low Estimate75.0Odds
High Estimate109.0Odds
Number of Analysts14
Standard Deviation9.178

92.357

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Centene Corp and the information provided on this page.

Centene Corp Analyst Ratings

Centene Corp's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Centene Corp stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Centene Corp's financials, market performance, and future outlook by experienced professionals. Centene Corp's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Centene Corp Target Price Projections

Centene Corp's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Centene Corp and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Centene depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Centene Corp including analysis of its current option contracts.
Centene Corp's latest option contracts expiring on 2022-07-08 are carrying combined implied volatility of 17.6 with a put-to-call open interest ratio of 0.46 over 92 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2022-07-08. The current put volume is at 548, with calls trading at the volume of 908. This yields a 0.6 put-to-call volume ratio. The Centene Corp option chain provides detailed quote and price information for the current Centene Corp option contracts. It shows all of Centene Corp's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-07-08 Option Contracts

Centene Corp option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Centene Corp's lending market. For example, when Centene Corp's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Centene Corp, he or she must hedge the risk by shorting Centene Corp stock over its option's life.
The chart above shows Centene Corp's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Centene Corp's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Centene Corp's option, there is no secondary market available for investors to trade.

Centene Corp Maximum Pain Price across 2022-07-08 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Centene Corp close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Centene Corp's stock options are financial instruments that give investors the right to buy or sell shares of Centene Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Centene stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Centene Corp's stock price goes up or down, the stock options follow.
Continue to Macroaxis Advice on Centene Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Centene Corp In The Money Call Balance

When Centene Corp's strike price is surpassing the current stock price, the option contract against Centene Corp stock is said to be in the money. When it comes to buying Centene Corp's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' options written on Centene Corp are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Centene Current Options Market Mood

Centene Corp's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Centene Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Centene Corp's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Centene Corp's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Centene Corp's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Centene Corp Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Centene Corp is a key component of Centene Corp valuation and have some predictive power on the future returns of a Centene Corp.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Centene Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Centene Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
83.9386.1188.29
Details
Intrinsic
Valuation
LowReal ValueHigh
77.5995.0597.23
Details
Naive
Forecast
LowNext ValueHigh
90.3892.5694.73
Details
Earnings
Estimates (9)
LowProjected EPSHigh
5.105.125.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Centene Corp. Your research has to be compared to or analyzed against Centene Corp's peers to derive any actionable benefits. When done correctly, Centene Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Centene Corp.

Additional Centene Corp Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Centene Corp is a key component of Centene Corp valuation and have some predictive power on the future returns of a Centene Corp.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Centene Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Centene Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
83.9386.1188.29
Details
Intrinsic
Valuation
LowReal ValueHigh
77.5995.0597.23
Details
Naive
Forecast
LowNext ValueHigh
90.3892.5694.73
Details
Earnings
Estimates (9)
LowProjected EPSHigh
5.105.125.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Centene Corp. Your research has to be compared to or analyzed against Centene Corp's peers to derive any actionable benefits. When done correctly, Centene Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Centene Corp.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Investor Favorites
Invested less than 1 share
Macroaxis Index
Invested few shares
Technology
Invested few shares
Continue to Macroaxis Advice on Centene Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. Note that the Centene Corp information on this page should be used as a complementary analysis to other Centene Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for Centene Stock analysis

When running Centene Corp price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
The data published in Centene Corp's official financial statements usually reflect Centene Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Centene Corp. For example, before you start analyzing numbers published by Centene accountants, it's critical to develop an understanding of what Centene Corp's liquidity, profitability, and earnings quality are in the context of the Healthcare space in which it operates.
Please note, the presentation of Centene Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Centene Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Centene Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Centene Corp. Please utilize our Beneish M Score to check the likelihood of Centene Corp's management to manipulate its earnings.