Centene Stock Outlook: Is Wall Street Bullish or Bearish?

Saint Louis, Missouri-based Centene Corporation (CNC) operates as a healthcare enterprise, providing programs and services to underinsured and uninsured families, commercial organizations, and military families. With a market cap of $31.6 billion, Centene operates through Medicaid, Medicare, Commercial, and Other segments.

Centene has substantially underperformed the broader market over the past year. CNC stock has plummeted 15.8% on a YTD basis and 12.9% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) surge of 25.2% on a YTD basis and 36.4% over the past year.