Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of Georgia Offers 2017 Medicare Advantage Options That Promote Preventive and Maintenance Care.
The company is now down by -0.96 percent from yesterday’s close.
Company chares are trading at $114.03 which is marginally under the 50 day moving average of $115.35 and which is just over the 200 day moving average of $107.14. The 50 day moving average moved down $-1.32 whereas the 200 day moving average was up $6.89 or +6.43%.
The P/E ratio is currently 28.49 and market cap is 5.05B. As of the latest earnings report the EPS was $4.00 and is projected to be $5.03 for the current year with 44,268,000 shares presently outstanding. Next quarter’s EPS is expected be $0.65 with next year’s EPS projected to be $5.94.
A few investment analysts have weighed in on the company recently. May 5 investment analysts at Leerink Swann left the stock rating at “Outperform” but raised the price expectation to $110.00 from $74.00. On February 22 the stock rating was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 by analysts at JP Morgan.
Equity analyst JP Morgan upgraded the stock and raised the price target on February 22 changing the price objective from $80.00 to $114.00 and altering the rating from “Neutral” to “Overweight”. On January 8 Jefferies made no change to the company rating of “Hold” but moved down the price target from $84.00 to $80.00.
Credit Suisse added the stock to its research portfolio by announcing an initial rating of “Underperform” and projecting a price target of $75.00. On November 5 Stifel Nicolaus held the stock rating at “Buy” and lowered the price target from $110.00 to $100.00.