Is Wall Street Bullish or Bearish on Centene Stock?

With a market cap of $26.2 billion, Centene Corporation (CNC) is a managed care company that provides healthcare programs and services to under-insured families and commercial organizations across the United States. It operates through Medicaid, Medicare, Commercial, and Other segments, offering a wide range of services including health insurance, specialty care, pharmacy services, and behavioral health support.

Shares of the Saint Louis, Missouri-based company have underperformed the broader market over the past 52 weeks. CNC stock has decreased nearly 11% over this time frame, while the broader S&P 500 Index ($SPX) has gained 28.5%. However, the stock has increased 29.1% on a YTD basis, outpacing SPX's 6% return.