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Why Centene (CNC) is a Top Value Stock for the Long-Term

·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

Centene (CNC)

Centene Corporation is a well-diversified, multi-national healthcare company that primarily provides a set of services to the government sponsored healthcare programs. The company serves the under-insured and uninsured individuals through member-focused services. It is also engaged in providing education and outreach programs to inform and assist members in accessing quality, appropriate healthcare services.

CNC boasts a Value Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Centene are trading at a forward earnings multiple of 15.8X, as well as a PEG Ratio of 1.1, a Price/Cash Flow ratio of 11.6X, and a Price/Sales ratio of 0.4X.

A company's earnings performance is important for value investors as well. For fiscal 2022, eight analysts revised their earnings estimate higher in the last 60 days for CNC, while the Zacks Consensus Estimate has increased $0.05 to $5.70 per share. CNC also holds an average earnings surprise of 3%.

CNC should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.


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