CNC | 25 May 2024 | AI Stock Analysis & News

Centene (CNC) is expected to post earnings of $2.20 per share, potentially impacting stock price.

Stock AI’s forecasts:
🔴 -3.1% short-term ⬇️
🟢 +3.1% long-term ⬆️

Stock AI’s (CNC) Forecast get (+10.5% Profit)

StockAI’s analysis delivers real-world results. On 04 March 2024, $CNC ($78.66), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $70.4 (🔴-10.5%). Selling CNC on this signal yielded a +10.5% profit 💰💰.

CNC-Centene Corporation News

🟢 Centene will post its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Centene to post earnings of $2.20 per share for the quarter. (+)
🔴 upgraded shares of Centene from a buy rating to a strong-buy rating in a research note released on Monday. (-)
🟢 AGF Management Ltd. purchased a new stake in Centene in the 4th quarter. (+)
🔴 Jump Financial LLC reduced its stake in shares of Centene by 86.3% during the 4th quarter. (-)
🟢 Centene announced its quarterly earnings results, beating analysts’ consensus estimates of $2.20 by $0.06. (+)
🟢 Increases 2024 Full Year Guidance. (+)

Centene Corporation stock has seen a mix of positive and negative news recently, which has had a varied impact on its price. The announcement of the quarterly earnings results beating expectations (+) and the increase in 2024 Full Year Guidance (+) have likely contributed to a positive outlook for the stock. However, the upgrade from to a strong-buy rating (-) and the reduction in stake by Jump Financial LLC (-) may have caused some uncertainty among investors.

Overall, the positive news regarding earnings and guidance (+) could potentially lead to an increase in the stock price in the short-term. However, the negative news of reduced stake and downgraded rating (-) may create some downward pressure. It will be important for investors to closely monitor further developments and analyst ratings to make informed decisions about Centene Corporation stock.

CNC-Centene Corporation Analyst Ratings

📈 Oppenheimer reissued their outperform rating on shares of Centene (NYSE:CNC) with a price target of $110.00.

📈 upgraded shares of Centene (NYSE:CNC) from a buy rating to a strong-buy rating.

📉 Centene (NYSE:CNC) has been given an average rating of “Moderate Buy” by twelve ratings firms that are currently covering the company.

1. Oppenheimer Reiterates Outperform Rating for Centene (NYSE:CNC)
2. StockNews Upgrades Centene (NYSE:CNC) to Strong-Buy Rating
3. Centene (NYSE:CNC) Receives “Moderate Buy” Rating from Analysts


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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