Centene Up 5.5% After Hitting 52-Week High (CNC)

Shares of St. Louis, Missouri-based Centene Corporation CNC are trading up 5.5% at $29.28 per share during the Tuesday afternoon trading session. The day's trading range for shares of Centene Corporation has been between $27.63 and a 52-week high of $30.11 per share. Analysts covering the company's stock give it a consensus price target of $27.00 per share. Volume of 1 million shares is already more than double the daily average volume of 400,000 shares. Centene Corporation (CNC) announced on Tuesday morning that it beat consensus Wall Street expectations. Centene Corporation announced 4th quarter adjusted earnings of 50 cents per share, on revenue of $1.18 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 48 cents per share, on revenue of $1.13 billion. The company also provided full-year 2011 earnings guidance in the range of $2.00 to $2.10 per share. Centene Corporation, a Fortune 500 company, is a leading multi-line healthcare enterprise that provides programs and related services to the rising number of under-insured and uninsured individuals. Read more from Benzinga's Company news.