Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare Receives Notice of Award to Serve MO HealthNet Managed Care (Medicaid) Program Statewide.
In the market the company is trading down by -0.96 percent from yesterday’s close.
Company shares last traded at $114.03 just below the 50 day moving average which is $115.35 and barely above the 200 day moving average of $107.14. The 50 day moving average was down by -1.14% and the 200 day average went up $6.89 or +6.43%.
The most current P/E ratio is 28.49 and the market cap is 5.05B. In the latest earnings report the EPS was $4.00 and is estimated to be $5.03 for the current year with 44,268,000 shares outstanding. Next quarter’s EPS is estimated at $0.65 and the next full year EPS is anticipated to be $5.94.
Several investment analysts have released ratings on the company of late. On May 5 Leerink Swann made no change to the stock rating of “Outperform” but raised the price expectation from $74.00 to $110.00. JP Morgan upgraded the stock and raised the price target on February 22 changing the price target from $80.00 to $114.00 and moving the rating from “Neutral” to “Overweight”.
On February 22 the company was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 in a report from JP Morgan. January 8 investment analysts at Jefferies kept the stock rating at “Hold” but moved down the price target to $80.00 from $84.00.
Credit Suisse started covering the stock with an initial rating of “Underperform” and setting a price target of $75.00. On November 5 Stifel Nicolaus left the stock rating at “Buy” but lowered the price target from $110.00 to $100.00.