CNC · NYSE · STOCK
Centene (CNC) Stock Analysis
$66.04
52W $31.63 – $69.63
63/100
$33.41B
-6.5
1.11
Is CNC Bullish or Bearish?
Bullish.
Innellis AI committee rates Centene Corporation (CNC) Buy with a composite score of 63/100
, based on 5 analysts with 80% agreement.
Last updated September 17, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +11.67 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -8.33 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is price structure making higher highs and higher lows. The main limiting factor is roe of only -24.0% -- cheap may mean cheap for a reason. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.0x is a discount to asset value — Value
- 4 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- News sentiment is positive (+0.33 across 47 articles, 14d) — News
Bear Case
- ROE of only -24.0% -- cheap may mean cheap for a reason — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 17, 2026
Overall Committee Score
63/100
Agreement
80%
Analysts
5
Conviction
High
Sector Rank
Top 19%
of 192 Healthcare peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.0x is a discount to asset value
− ROE of only -24.0% -- cheap may mean cheap for a reason
Growth Analyst
bullish
60
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ 4 consecutive earnings beats -- consistent execution
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
bullish
68
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 47 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2514.55)
Investment Thesis Evolution
Committee score moved marginally from 63.3 to 63.3.
Comparing 2026-09-16 to 2026-09-17 (1 day apart).
Technical Analysis
RSI (14)
57.1
Neutral
MACD Histogram
0.231
Bullish Momentum
Trend Direction
Uptrend
Weekly: Sideways
Market Structure
Mixed
Support
$67.06
Resistance
$69.33
Bollinger %B
0.83
Inside Bands
Price vs Moving Averages
EMA 9
$66.68
Below
EMA 21
$66.04
Above
EMA 50
$64.73
Above
EMA 200
$55.14
Above
Fundamental Analysis
Valuation
100
Growth
75
Profitability
0
Financial Health
59
Cash Flow
70
Valuation
P/E Ratio
-6.5×
P/B Ratio
1.48×
PEG Ratio
0.02
Dividend Yield
0.00%
52W High
$69.63
52W Low
$31.63
Quality & Growth
ROE
-3344.4%
ROA
-859.2%
Gross Margin
1612.5%
Operating Margin
-281.8%
Revenue Growth YoY
—
Debt / Equity
0.71
AI Fundamental Assessment
P/E ratio of -6.5 (inexpensive relative to a 15-40x range); Price-to-book of 1.5x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -33.4%; Return on assets of -8.6%; Net margin of -2.6%; Gross margin of 16.1%; Current ratio of 1.15 (tight short-term liquidity); Debt-to-equity of 0.71; Free cash flow per share is positive (18.16); Most recent quarter beat estimates by 129.0%; 4 consecutive earnings beats; EPS growth decelerating (+383.2% -> -25.5% QoQ); Average YoY EPS growth of 1668.8%; Analyst estimates rising over recent quarters
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