Oppenheimer Remains a Buy on Centene (CNC)

Oppenheimer analyst Michael Wiederhorn maintained a Buy rating on Centene (CNC – Research Report) today and set a price target of $110.00. The company’s shares closed yesterday at $70.50.

According to TipRanks, Wiederhorn is a top 100 analyst with an average return of 15.7% and a 67.27% success rate. Wiederhorn covers the Healthcare sector, focusing on stocks such as Addus Homecare, Centene, and The Ensign Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centene with a $90.70 average price target.

The company has a one-year high of $81.42 and a one-year low of $60.83. Currently, Centene has an average volume of 3.39M.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNC in relation to earlier this year.

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Centene (CNC) Company Description:

Centene Corporation is a diversified healthcare company that primarily engages in providing programs and services to the government sponsored healthcare programs. The company is also engaged in providing education and outreach programs to assist members in accessing quality and appropriate healthcare services.