Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare Expands 2017 Medicare Advantage Plan Options in Illinois.
The company is so far trading down since yesterday’s close of $115.13.
Company shares last traded at $114.03 just below the 50 day moving average which is $115.35 and a bit higher than the 200 day moving average of $107.14. The 50 day moving average went down by -1.14% whereas the 200 day average was up by +6.43%.
The most current P/E ratio is 28.49 and the market cap of the company is 5.05B. In the last earnings report the EPS was $4.00 and is projected to be $5.03 for the current year with 44,268,000 shares now outstanding. Next quarter’s EPS is estimated at $0.65 with next year’s EPS projected to be $5.94.
Analysts have released opinions on Wellcare Health Plans, Inc. Com of late. 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 company was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 in a statement from JP Morgan.
Equity analyst JP Morgan raised the price target and upgraded the stock on February 22 changing the price target from $80.00 to $114.00 and altering the rating from “Neutral” to “Overweight”. On January 8 Jefferies maintained a company rating of “Hold” but lowered the price target from $84.00 to $80.00.
On December 16, 2015 Credit Suisse initiated coverage giving it an initial rating of “Underperform” and price target of $75.00. On November 5 Stifel Nicolaus made no change to the stock rating of “Buy” and lowered the price target to $100.00 from $110.00.