CENTENE CORP lags behind the market

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Centene Corp Stock Intrinsic Value – CENTENE CORP ($NYSE:CNC) is a health care company that provides services to government-sponsored health care programs. The company’s stock was up Tuesday, but it still lagged behind the broader market. One reason for this may be that investors are concerned about the company’s ability to grow its business.

In addition, the company faces stiff competition from other health care companies.

Price History

On Wednesday, CENTENE CORP stock opened at $75.3 and closed at $75.7, up by 0.5% from prior closing price of 75.3. CENTENE CORP is a healthcare company that provides services to government-sponsored healthcare programs. The company has been underperforming the market in recent months, due in part to concerns about its exposure to the Affordable Care Act.

Investors are also worried about the company’s ability to maintain its profitability as it expands into new markets. The company is scheduled to release its fourth quarter earnings on Thursday, and analysts will be closely watching to see if it can turn things around.

VI Analysis – Centene Corp Stock Intrinsic Value

CENTENE CORP‘s fundamentals reflect the company’s long-term potential, as indicated by the VI app. The app calculates the fair value of CENTENE CORP shares to be around $83.2. However, the stock is currently traded at $75.7, which represents a 9% discount to the fair value.

VI Peers

In the world of health insurance providers, Centene Corp faces some stiff competition. Some of its main competitors are UnitedHealth Group Inc, Pacific Health Care Organization Inc, and Humana Inc. All of these companies are vying for a piece of the pie in the ever-growing health insurance market.

– UnitedHealth Group Inc ($NYSE:UNH)

UnitedHealth Group Inc is an American for-profit managed health care company based in Minnetonka, Minnesota. It offers health care products and services through its subsidiaries, UnitedHealthcare and Optum. As of 2022, it has a market cap of 486.7B and a ROE of 21.75%.

The company’s main business is UnitedHealthcare, which provides health care coverage and benefits services to individuals, families, and businesses through plans sold by state and federal governments, employers, and directly to consumers through the Health Insurance Marketplace. Optum is the company’s health services business, which provides technology and information-enabled health services, including provider network management, care management, clinical decision support, and consumer engagement.

– Pacific Health Care Organization Inc ($OTCPK:PFHO)

As of 2022, Pacific Health Care Organization Inc has a market cap of 10.11M. The company has a return on equity of 1.33%. Pacific Health Care Organization Inc is a healthcare organization that provides services to patients in the Pacific region. The company offers a wide range of services, including primary care, mental health, and substance abuse services. The company also operates a network of clinics and hospitals in the Pacific region.

– Humana Inc ($NYSE:HUM)

Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. As of 2019, Humana has had over 13 million customers in the United States. The company offers health, dental, and vision insurance plans, as well as Medicare and Medicaid plans. Humana also offers a wide range of supplemental plans, such as life insurance, long-term care insurance, and pet insurance.

Summary

There are a number of reasons why investing in CENTENE CORP may not be the best idea at the moment. For one, the company lags behind the market in terms of key performance indicators. Additionally, the company is facing a number of headwinds, including increased competition, regulatory pressures, and declining Medicaid enrollment. As such, investors may want to consider other options before investing in CENTENE CORP.