CNC
CenteneANYSE / Health Care Equipment & Services
Last Price
At close
2026-06-02
Current thesis
The bull case is that Q1 provided the first clean evidence that Centene's Medicaid and Medicare margin repair is working: Medicaid HBR was 93.1%, consolidated HBR improved to 87.3%, SG&A fell to 7.6%, and management raised full-year guidance.[#8-K-2026-04-28] Early post-print analyst upgrades add support that 2026 may be an earnings-reset year rather than just a relief quarter.
Posture
Constructive
Lead driver
Momentum
What changed
4 setup hits (3d) with net bullish as of 2026-06-02.
What can break
Days in claims payable increased to 48 from the prior quarter and medical claims liabilities remained large at $20.6 billion, so reserve and cost-trend execution still matter materially.[#8-K-2026-04-28]
Momentum
96
Value
62
Sentiment
31
Setup hits (3d)
4 · Net Bullish
AI TargetsBase $48.00 · Bull $57.00 · Bear $39.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-29 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Bullish
Target $44.06
Why
Momentum96 · Δ7d -3.4
Value62 · Δ7d -0.5
Sentiment31 · Δ7d -1.0
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
96
34% active weight
Current posture
7d trendFlat
Δ7d
-3.4
Δ21d
-3.6
Value
62
32% active weight
Current posture
7d trendFlat
Δ7d
-0.5
Δ21d
-0.4
Sentiment
31
33% active weight
Current posture
7d trendSoftening
Δ7d
-1.0
Δ21d
-1.1
Why this grade
Composite grade A. Momentum 95.7 / Value 62.5 / Sentiment 31.3
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$30.62B
Beta
0.48
Shares Out
491.52M
P/E (TTM)
8.2
P/S (TTM)
0.12
P/FCF (TTM)
6.54
Rev YoY
+18.2%
EPS YoY
-1091.4%
Gross Margin
+8.1%
Op Margin
-3.1%
Net Debt
$1.85B
Current Ratio
1.08
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology