- Investing.com
Market Position | Despite near-term headwinds, Centene's Medicaid expertise and government program relationships position the company to capitalize on demographic trends and potential enrollment stabilization |
Analyst Outlook | Cantor Fitzgerald maintains a Neutral rating with a $41 price target, reflecting cautious sentiment amid membership losses and profitability challenges |
Medicare Strategy | The company pursues break-even status in Medicare Advantage amid prescription drug plan margin pressures creating a $0.74 negative earnings impact |
Enrollment Decline | Centene faces a projected 6% Medicaid enrollment decline through 2026, with mid-4% attrition rates challenging the company's core business model and scale advantages |
Metrics to compare | CNC | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipCNCPeersSector | |
|---|---|---|---|---|
P/E Ratio | −5.2x | −5.0x | −0.4x | |
PEG Ratio | 0.02 | 0.40 | 0.00 | |
Price / Book | 1.6x | 8.2x | 2.6x | |
Price / LTM Sales | 0.2x | 1.2x | 3.1x | |
Upside (Analyst Target) | −8.6% | −8.2% | 48.8% | |
Fair Value Upside | Unlock | −5.3% | 6.3% | Unlock |
Centene Corporation operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States. It operates through four segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment offers the temporary assistance for needy families; medicaid expansion; aged, blind, or disabled; and children's health insurance programs, as well as long-term services and supports; foster care; and medicare-medicaid plans. This segment also provides healthcare products and services. The Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual and commercial group. The Other segment operates clinical healthcare and pharmacies, as well as offers vision and dental, behavioral health, and centralized services. It provides services through primary and specialty care physicians, hospitals, behavioral health practitioners, and ancillary providers. The company was founded in 1984 and is headquartered in Saint Louis, Missouri.