Analysts at Morgan Stanley Reiterate their Past ‘Overweight’ rating on Shares Centene (NYSE:CNC), Set a $127 Target

April 26, 2018 - By Linda Rogers

Centene Corporation (NYSE:CNC) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.12, from 1.07 in 2017Q3. It increased, as 35 investors sold Centene Corporation shares while 186 reduced holdings. 85 funds opened positions while 177 raised stakes. 150.93 million shares or 0.26% more from 150.53 million shares in 2017Q3 were reported.

Clarivest Asset Mngmt invested in 0.01% or 3,612 shares. 15,736 are held by Price Capital Mngmt Inc. Pictet Asset Mgmt invested in 0.07% or 271,598 shares. Earnest Prtn Lc has invested 0.24% in Centene Corporation (NYSE:CNC). Group Inc One Trading L P has invested 0% in Centene Corporation (NYSE:CNC). Modera Wealth Lc holds 0.11% or 5,086 shares. The Connecticut-based Conning has invested 0.01% in Centene Corporation (NYSE:CNC). Company Bancorp has 7,257 shares. Tdam Usa Inc holds 0.45% or 78,652 shares in its portfolio. Clinton Group Inc holds 39,917 shares. 4,782 were accumulated by Advisory Rech. Tcw Incorporated holds 0.62% in Centene Corporation (NYSE:CNC) or 769,013 shares. Engineers Gate Manager Lp has invested 0.08% of its portfolio in Centene Corporation (NYSE:CNC). Nuwave Investment Management has 385 shares for 0.05% of their portfolio. California Pub Employees Retirement Systems accumulated 0.05% or 356,837 shares.

Since December 19, 2017, it had 0 insider purchases, and 4 insider sales for $2.82 million activity. DITMORE ROBERT K had sold 8,750 shares worth $912,625. BROOKS MARK J sold $425,955 worth of Centene Corporation (NYSE:CNC) on Monday, March 12. BOWERS CHRISTOPHER D sold $490,896 worth of stock or 4,800 shares.

Centene (NYSE:CNC) Rating Reaffirmed

Recently, In an analyst report shared with investors on Wednesday, 25 April, Centene (NYSE:CNC) shares have had their Overweight Rating reconfirmed by equity analysts at Morgan Stanley, who currently has a $127 target price on company. This target by Morgan Stanley gives the possibile upside of 17.65 % from the previous close.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.12, from 1.07 in 2017Q3. It increased, as 35 investors sold Centene Corporation shares while 186 reduced holdings. 85 funds opened positions while 177 raised stakes. 150.93 million shares or 0.26% more from 150.53 million shares in 2017Q3 were reported.

Clarivest Asset Mngmt invested in 0.01% or 3,612 shares. 15,736 are held by Price Capital Mngmt Inc. Pictet Asset Mgmt invested in 0.07% or 271,598 shares. Earnest Prtn Lc has invested 0.24% in Centene Corporation (NYSE:CNC). Group Inc One Trading L P has invested 0% in Centene Corporation (NYSE:CNC). Modera Wealth Lc holds 0.11% or 5,086 shares. The Connecticut-based Conning has invested 0.01% in Centene Corporation (NYSE:CNC). Company Bancorp has 7,257 shares. Tdam Usa Inc holds 0.45% or 78,652 shares in its portfolio. Clinton Group Inc holds 39,917 shares. 4,782 were accumulated by Advisory Rech. Tcw Incorporated holds 0.62% in Centene Corporation (NYSE:CNC) or 769,013 shares. Engineers Gate Manager Lp has invested 0.08% of its portfolio in Centene Corporation (NYSE:CNC). Nuwave Investment Management has 385 shares for 0.05% of their portfolio. California Pub Employees Retirement Systems accumulated 0.05% or 356,837 shares.

Since December 19, 2017, it had 0 insider purchases, and 4 insider sales for $2.82 million activity. DITMORE ROBERT K had sold 8,750 shares worth $912,625. BROOKS MARK J sold $425,955 worth of Centene Corporation (NYSE:CNC) on Monday, March 12. BOWERS CHRISTOPHER D sold $490,896 worth of stock or 4,800 shares.

Centene Corporation (NYSE:CNC) Ratings Coverage

Among 8 analysts covering Centene Corp (NYSE:CNC), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Centene Corp has $135 highest and $100 lowest target. $121.33’s average target is 12.39% above currents $107.95 stock price. Centene Corp had 14 analyst reports since November 3, 2017 according to SRatingsIntel. The stock of Centene Corporation (NYSE:CNC) has “Market Perform” rating given on Tuesday, February 13 by Leerink Swann. As per Friday, November 3, the company rating was initiated by Credit Suisse. Cantor Fitzgerald maintained the stock with “Buy” rating in Thursday, December 14 report. Jefferies maintained Centene Corporation (NYSE:CNC) rating on Tuesday, February 6. Jefferies has “Buy” rating and $129.0 target. The rating was maintained by Cantor Fitzgerald on Thursday, March 15 with “Buy”. The firm has “Overweight” rating given on Wednesday, February 7 by Morgan Stanley. On Monday, December 18 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Buy” rating on Tuesday, February 6 by Cantor Fitzgerald. The stock of Centene Corporation (NYSE:CNC) has “Buy” rating given on Friday, January 12 by Jefferies. The stock of Centene Corporation (NYSE:CNC) earned “Overweight” rating by Morgan Stanley on Wednesday, April 25.

The stock decreased 1.23% or $1.34 during the last trading session, reaching $107.95. About 983,998 shares traded. Centene Corporation (NYSE:CNC) has risen 44.01% since April 26, 2017 and is uptrending. It has outperformed by 32.46% the S&P500.

Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. The company has market cap of $19.08 billion. It operates through two divisions, Managed Care and Specialty Services. It has a 23.02 P/E ratio. The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State childrenÂ’s health insurance program, long-term care, foster care, and dual-eligible individual, as well as aged, blind, or disabled programs.

Centene Corporation (NYSE:CNC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.