Centene Stock Hits New 52-Week High (CNC)

NEW YORK ( TheStreet) -- Centene Corporation (NYSE: CNC) hit a new 52-week high Wednesday as it is currently trading at $47.52, above its previous 52-week high of $47.39 with 651,217 shares traded as of 3:15 p.m. ET. Average volume has been 498,900 shares over the past 30 days.

Centene has a market cap of $2.22 billion and is part of the health care sector and health services industry. Shares are up 15.6% year to date as of the close of trading on Tuesday.

Centene Corporation operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services. The company has a P/E ratio of 22.2, above the average health services industry P/E ratio of 21.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Centene as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Centene Ratings Report.

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