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Is this Large Market Cap Stock target price reasonable for Centene Corp. (NYSE:CNC)?

The company in question is, Centene Corp. (NYSE:CNC) currently with a stock price of 65.3 (-4.84% today). The market cap for Centene Corp. is 11137.5, and is in the sector Healthcare, and Health Care Plans industry. The target price for Centene Corp. is 81.41. Currently Centene Corp. is trading with a P/E of 26.08, and a forward P/E of 13.42. Average volume for Centene Corp. is 1848.7 and so far today it is 5227900.

Performance in the last year for Centene Corp. has been 8.92%. For EPS growth, Centene Corp. has seen a growth of 29.90%, and is looking to grow in the next year to 11.28%. More long term stats show that EPS growth has been 26.30% over the last five years and could be 17.41% for the next five years. Centene Corp. has seen sales growth quarter over quarter at 97.90%, with EPS growth quarter over quarter at 36.70%. The 20-day simple moving average is -6.97%, with the 200-day simple moving average coming to 3.37%.

Since the IPO date for Centene Corp. on the 12/13/2001, Centene Corp. has seen performance year to date to be -0.77%. With Centene Corp. trading at 65.3, the dividend yield is *TBA, and the EPS is 2.5.

So could Centene Corp., be undervalued? Well as said before P/E is 26.08. The PEG is 1.5, P/S is 0.37 and the P/B is at 2.01. The P/cash is 4.11, with P/free cash flow at *TBA.

Centene Corp. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.66, and total debt/equity at 0.81.

In terms of margins, Centene Corp. has a gross margin of *TBA, an operating margin of 2.70% and a profit margin of 1.20%.Payout ratio for Centene Corp. is 0.00%. Return on assets come to 2.70% with return on investment coming to 10.80%.

Insider ownership for Centene Corp., is at 3.40% and institutional ownership comes to 95.10%. Outstanding shares are at 170.56. While shares float is 167.83. The float short is currently 4.43%, and short ratio is 4.02.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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