Centene Stock Today

CNC -  USA Stock  

USD 82.38  0.61  0.75%

Market Performance
0 of 100
Odds Of Distress
Less than 3
Centene Corp is trading at 82.38 as of the 19th of May 2022, a 0.75 percent up since the beginning of the trading day. The stock's open price was 81.77. Centene Corp has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Centene Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2022 and ending today, the 19th of May 2022. Click here to learn more.
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. The company has 583.5 M outstanding shares of which 7.15 M shares are currently shorted by investors with about 2.29 days to cover. More on Centene Corp
Follow Valuation Options Odds of Bankruptcy
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Centene Corp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Centene Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Centene Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Centene Corp is unlikely to experience financial distress in the next 2 years
Centene Corp was previously known as ALPHA METALLURGICAL RESOURCES and was traded on New York Stock Exchange under the symbol CNTE.
Centene Corp has a strong financial position based on the latest SEC filings
Over 95.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Centene Corp exotic insider transaction detected
Centene Corp Fama & French Insurance
Insurance
Fama & French Classification
Centene Corp SEC Filings
Centene Corp SEC Filings Security & Exchange Commission EDGAR Reports
Older SymbolCNTE
New SymbolCNCEQ
CEORich Fisher  (View All)
Thematic Classifications
Active investing themes Centene currently participates. An investing theme is an unweighted collection of funds, stocks, ETFs or cryptocurrencies
(view all).
Average Analyst Recommendation
Analysts covering Centene Corp report their recommendations after researching Centene Corp's financial statements, talking to executives and customers, or listening in on Centene Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Centene Corp. The Centene consensus assessment is calculated by taking the average forecast from all of the analysts covering Centene Corp.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Centene Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Centene Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 8 - StrongDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares502.3 M582.8 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted511.1 M590.5 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations4.5 B4.2 B
Significantly Up
Increasing
Slightly volatile
Total Assets84.6 B78.4 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities55.4 B51.4 B
Significantly Up
Increasing
Slightly volatile
Current Assets30.7 B28.5 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities27.8 B25.8 B
Significantly Up
Increasing
Slightly volatile
Total Debt20.3 B18.8 B
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.02440.018
Significantly Up
Decreasing
Slightly volatile
Gross Margin0.130.113
Fairly Up
Decreasing
Stable
Asset Turnover1.941.691
Fairly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Centene Corp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Centene Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Centene Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Centene Corp's financial leverage. It provides some insight into what part of Centene Corp's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Centene Corp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Centene Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Centene Corp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 22.66 B in debt with debt to equity (D/E) ratio of 0.84, which is OK given its current industry classification. Centene Corp has a current ratio of 1.09, demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due. Debt can assist Centene Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Centene Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Centene Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Centene to invest in growth at high rates of return. When we think about Centene Corp's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

4.54 BillionShare
Centene Corp (CNC) is traded on New York Stock Exchange in USA. It is located in Centene Plaza and employs 72,500 people. Centene Corp was previously known as ALPHA METALLURGICAL RESOURCES and was traded on New York Stock Exchange under the symbol CNTE. Centene Corp is listed under Insurance category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 48.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Centene Corp's market, we take the total number of its shares issued and multiply it by Centene Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Centene Corp runs under Healthcare sector within Healthcare Plans industry. The entity has 583.5 M outstanding shares of which 7.15 M shares are currently shorted by investors with about 2.29 days to cover. Centene Corp has about 14.66 B in cash with 4.2 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 25.15.
Check Centene Corp Probability Of Bankruptcy
Ownership
Centene Corp holds a total of five hundred eighty-three million five hundred thousand outstanding shares. The majority of Centene Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Centene Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Centene Corp. Please pay attention to any change in the institutional holdings of Centene Corp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Centene Ownership Details

Centene Stock Price Odds Analysis

What are Centene Corp's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Centene Corp jumping above the current price in 90 days from now is about 76.05%. The Centene Corp probability density function shows the probability of Centene Corp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Centene Corp has a beta of 0.8971 suggesting Centene Corp market returns are sensitive to returns on the market. As the market goes up or down, Centene Corp is expected to follow. Additionally, the company has an alpha of 0.133, implying that it can generate a 0.13 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 82.38HorizonTargetOdds Above 82.38
23.66%90 days
 82.38 
76.05%
Based on a normal probability distribution, the odds of Centene Corp to move above the current price in 90 days from now is about 76.05 (This Centene Corp probability density function shows the probability of Centene Stock to fall within a particular range of prices over 90 days) .

Centene Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Centene Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Centene Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Centene Corp's value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares63.6 M5.4 B
Capital World InvestorsCommon Shares50.5 M4.3 B
View Centene Corp Diagnostics

Centene Corp Historical Income Statement

Centene Corp Income Statement is one of the three primary financial statements used for reporting Centene's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Centene Corp revenue and expense. Centene Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Centene Corp Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 80.61 Billion. The current year Cost of Revenue is expected to grow to about 120.6 B, whereas Consolidated Income is forecasted to decline to about 1.1 B. View More Fundamentals

Centene Stock Against Markets

Picking the right benchmark for Centene Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Centene Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Centene Corp is critical whether you are bullish or bearish towards Centene Corp at a given time.

Similar Equity Warning - CNC

Centene Corp was forked

The entity Centene Corp with a symbol CNC was recently forked. You can potentially use CONSECO INC with a symbol CNCEQ from now on.

Centene Corp Corporate Directors

Centene Corp corporate directors refer to members of a Centene Corp board of directors. The board of directors generally takes responsibility for the Centene Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Centene Corp's board members must vote for the resolution. The Centene Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Vicki Escarra - DirectorProfile
Lori Robinson - Independent DirectorProfile
Robert Ditmore - Presiding Independent DirectorProfile
Jessica Blume - Independent DirectorProfile

Investing Centene Corp

You need to understand the risk of investing before taking a position in Centene Corp. The danger of trading Centene Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Centene Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Centene Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Centene Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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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.
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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Centene Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.