25 stories mentioning CNCUpdated 19d ago
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Centene (CNC) has an average rating of overweight and mean price target of $51.06 according to analysts polled by FactSet.Price: $52.19, Change: $+2.62, Percent Change: +5.28%
Centene (CNC) has an average rating of hold and mean price target of $49, according to analysts polled by FactSet.
US equity indexes closed lower on Tuesday as semiconductor shares fell and Middle East tensions lifted crude oil prices.* Arm Holdings (ARM), Applied Materials (AMAT), Lam Research (LRCX), Arista Networks (ANET), and Advanced Micro Devices (AMD) were among the tech decliners.* Iran's latest proposal to end the war in the Middle East failed to win President Donald Trump's support, Reuters reported, citing a US official.* The Conference Board's measure of consumer confidence rose to 92.8 in April from an upwardly revised 92.2 in March, compared with 89 expected in a Bloomberg survey.* The Richmond Fed's monthly manufacturing index rose to 3 in April from zero in March, above expectations for 1 in a Bloomberg poll.* May West Texas Intermediate crude oil rose $3.51 to settle at $99.88 per barrel, while June Brent crude, the global benchmark, was last seen up $2.90 at $111.13.* Alexandria Real Estate Equities (ARE) shares fell 11%, the biggest drop on the S&P 500, after the company reported lower Q1 results.* Centene (CNC) shares rose 13%, the top gainer on the S&P, after the company reported higher Q1 results and raised its 2026 outlook.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Centene reported Q1 adjusted EPS of $3.37 (+16.2% Y/Y), beating the consensus by $1.24, with the HBR improving 20 bps to 87.3% despite Marketplace membership declines from ACA enhanced premium tax credit expiration. Revenue rose 5.1% to $44.7B, due to premium yield improvements and Medicare PDP membership growth (+11.6% to 8.78M), while Commercial membership fell 33% to 4.06M. We view the 30 bps SG&A expense ratio improvement to 7.6% and $1.0B debt reduction as demonstrating effective expense management and disciplined capital allocation focused on debt reduction over share repurchases. Management raised 2026 adjusted EPS guidance to at least $3.40 from $3.00, supported by successful Medicaid performance, while maintaining HBR guidance midpoint at 91.3%. We look for more detail on looming Medicaid headwinds from the OBBBA legislation and management's outlook for the second half, as shares extended their rally off March lows with ~3% premarket gains.
Centene (CNC) has an average rating of hold and mean price target of $42.65, according to analysts polled by FactSet.Price: $37.01, Change: $-0.25, Percent Change: -0.67%
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