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Stock impact report

Is Centene a Mispriced Opportunity After Sharp Share Price Slide and Strategy Shift? [Yahoo! Finance]

Centene Corporation (CNC) 
Last centene corporation earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: centene.com/investors.html
Company Research Source: Yahoo! Finance
This stock has slipped off a lot of radars just as its fundamentals and pricing are starting to look more interesting. Despite a tough longer term run with the share price down about 32.6% over the last year and 51.5% over three years, the stock has started to show some life recently, gaining around 2.3% over the last week and 7.1% over the last month even as it remains roughly 35.6% lower year to date. Some of this renewed interest has been driven by headlines around Centene sharpening its focus on core government sponsored health plans, streamlining operations and exiting non core businesses that were weighing on returns. Investors have also been paying attention to ongoing policy developments in Medicaid and the Affordable Care Act marketplace, which can materially shift sentiment toward managed care names like Centene. On our framework, Centene scores a solid 5 out of 6 on valuation checks. This suggests the market may be underpricing its cash flows and assets. Next, we will Show less Read more
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