Centene Corp Stock Buy Hold or Sell Recommendation
| CNC Stock | USD 75.84 0.26 0.34% |
Considering the 90-day investment horizon and your conservative risk appetite, our recommendation regarding Centene Corp is 'Cautious Hold'. Macroaxis provides Centene Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CNC positions. The advice algorithm takes into account all of Centene Corp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Centene Corp's buy or sell advice are summarized below:
Real Value 78.63 | Target Price 81.56 | Hype Value 75.84 | Market Value 75.84 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Centene Corp given historical horizon and risk tolerance towards Centene Corp. When Macroaxis issues a 'buy' or 'sell' recommendation for Centene Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Centene |
Execute Centene Corp Buy or Sell Advice
The Centene recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Centene Corp. Macroaxis does not own or have any residual interests in Centene Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Centene Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Centene Corp Trading Alerts and Improvement Suggestions
| Centene Corp has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Centene Corp s Winning Formula Financial Metrics and Competitive Strengths |
Centene Corp Returns Distribution Density
The distribution of Centene Corp's historical returns is an attempt to chart the uncertainty of Centene Corp's future price movements. The chart of the probability distribution of Centene Corp daily returns describes the distribution of returns around its average expected value. We use Centene Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Centene Corp returns is essential to provide solid investment advice for Centene Corp.
| Mean Return | -0.0091 | Value At Risk | -2.51 | Potential Upside | 2.18 | Standard Deviation | 1.50 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Centene Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Centene Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Centene Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Centene Corp backward and forwards among themselves. Centene Corp's institutional investor refers to the entity that pools money to purchase Centene Corp's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2023-12-31 | 9.1 M | Amvescap Plc. | 2023-12-31 | 8.8 M | Boston Partners Global Investors, Inc | 2023-12-31 | 8.6 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 6.3 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 6.1 M | Arrowstreet Capital Limited Partnership | 2023-12-31 | 5.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 5.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 5.6 M | Ameriprise Financial Inc | 2023-12-31 | 5.6 M | Vanguard Group Inc | 2023-12-31 | 61.2 M | Blackrock Inc | 2023-12-31 | 40.8 M |
Centene Corp Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 6.8B | (1.2B) | 2.3B | (884M) | 5.1B | 5.4B | |
| Free Cash Flow | 753M | 4.6B | 3.3B | 5.3B | 7.3B | 7.6B | |
| Depreciation | 643M | 1.3B | 1.5B | 1.6B | 1.3B | 1.4B | |
| Other Non Cash Items | 301M | 25M | (54M) | 1.7B | 546M | 573.3M | |
| Capital Expenditures | 730M | 869M | 910M | 1.0B | 799M | 839.0M | |
| Net Income | 1.3B | 1.8B | 1.3B | 1.2B | 2.7B | 2.8B | |
| End Period Cash Flow | 12.1B | 11.0B | 13.2B | 12.3B | 17.2B | 18.1B | |
| Change To Inventory | 421M | (585M) | (1.1B) | 2.1B | 2.4B | 2.6B | |
| Investments | (766M) | (2.5B) | (3.3B) | (2.9B) | (21M) | (22.1M) | |
| Change Receivables | (1.1B) | (52M) | (2.5B) | (1.6B) | (1.5B) | (1.4B) | |
| Net Borrowings | 6.9B | 839M | 1.8B | (1.1B) | (1.3B) | (1.2B) | |
| Dividends Paid | 66M | 6.1B | 35M | 88M | 101.2M | 96.1M | |
| Change To Netincome | 508M | 280M | 6M | 1.3B | 1.5B | 1.6B |
Centene Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Centene Corp or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Centene Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Centene stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.08 | |
β | Beta against NYSE Composite | 0.73 | |
σ | Overall volatility | 1.44 | |
Ir | Information ratio | -0.07 |
Centene Corp Volatility Alert
Centene Corp exhibits very low volatility with skewness of -1.44 and kurtosis of 5.65. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Centene Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Centene Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Centene Corp Implied Volatility
Centene Corp's implied volatility exposes the market's sentiment of Centene Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Centene Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Centene Corp stock will not fluctuate a lot when Centene Corp's options are near their expiration.
Centene Corp Fundamentals Vs Peers
Comparing Centene Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Centene Corp's direct or indirect competition across all of the common fundamentals between Centene Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Centene Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Centene Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Centene Corp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Centene Corp to competition |
| Fundamentals | Centene Corp | Peer Average |
| Return On Equity | 0.11 | -0.31 |
| Return On Asset | 0.037 | -0.14 |
| Profit Margin | 0.02 % | (1.27) % |
| Operating Margin | 0.01 % | (5.51) % |
| Current Valuation | 39.54 B | 16.62 B |
| Shares Outstanding | 534.91 M | 571.82 M |
| Shares Owned By Insiders | 0.29 % | 10.09 % |
| Shares Owned By Institutions | 98.12 % | 39.21 % |
| Number Of Shares Shorted | 8.2 M | 4.71 M |
| Price To Earning | 20.27 X | 28.72 X |
| Price To Book | 1.46 X | 9.51 X |
| Price To Sales | 0.27 X | 11.42 X |
| Revenue | 154 B | 9.43 B |
| Gross Profit | 24.47 B | 27.38 B |
| EBITDA | 2.93 B | 3.9 B |
| Net Income | 2.7 B | 570.98 M |
| Cash And Equivalents | 12.07 B | 2.7 B |
| Cash Per Share | 30.34 X | 5.01 X |
| Total Debt | 17.83 B | 5.32 B |
| Debt To Equity | 0.84 % | 48.70 % |
| Current Ratio | 1.06 X | 2.16 X |
| Book Value Per Share | 48.35 X | 1.93 K |
| Cash Flow From Operations | 8.05 B | 971.22 M |
| Short Ratio | 2.58 X | 4.00 X |
| Earnings Per Share | 4.95 X | 3.12 X |
| Price To Earnings To Growth | 0.68 X | 4.89 X |
| Target Price | 90.0 | |
| Number Of Employees | 67.7 K | 18.84 K |
| Beta | 0.39 | -0.15 |
| Market Capitalization | 40.43 B | 19.03 B |
| Total Asset | 84.64 B | 29.47 B |
| Retained Earnings | 12.04 B | 9.33 B |
| Working Capital | 4.04 B | 1.48 B |
Note: Acquisition by Kenneth Burdick of 388 shares of Centene Corp subject to Rule 16b-3 [view details]
Centene Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Centene . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 20575.06 | |||
| Daily Balance Of Power | 0.2737 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 75.97 | |||
| Day Typical Price | 75.92 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.26 |
About Centene Corp Buy or Sell Advice
When is the right time to buy or sell Centene Corp? Buying financial instruments such as Centene Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 18.8B | 18.0B | 17.8B | 18.7B | Total Assets | 78.4B | 76.9B | 84.6B | 88.9B |
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In addition to having Centene Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Sector ETFs theme has 421 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Sector ETFs Theme or any other thematic opportunities.
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Check out Centene Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Centene Stock analysis
When running Centene Corp's 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 the 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.
Quarterly Earnings Growth (0.32) | Earnings Share 4.95 | Revenue Per Share 260.006 | Quarterly Revenue Growth 0.056 | Return On Assets 0.037 |
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 if Centene Corp is a good investment 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.