Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of Florida Offers 2017 Medicare Advantage Options To Help Seniors Achieve and Maintain Optimal Health.
The company is down from yesterday’s close of $115.13.
It is trading at $114.03 which is slightly below $115.35, the 50 day moving average and just a bit higher than the 200 day moving average of $107.14. The 50 day moving average went down $-1.32 or -1.14% and the 200 day average went up $6.89 or +6.43%.
The company’s P/E ratio is 28.49 and market cap is 5.05B. As of 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 expected be $0.65 with next year’s EPS projected to be $5.94.
A few investment analysts have weighed in on WCG of late. May 5 investment analysts at Leerink Swann held the stock rating at “Outperform” but raised the price expectation from $74.00 to $110.00. Equity analyst JP Morgan both upgraded the stock and raised the price target on February 22 boosting the price target from $80.00 to $114.00 and setting the rating at “Overweight” which had previously been “Neutral”.
On February 22 the company was upgraded to “Overweight” from “Neutral” and a price target of $114.00 was set in a report from JP Morgan. On January 8 Jefferies maintained a stock rating of “Hold” and lowered the price target to $80.00 from $84.00.
Credit Suisse initiated coverage on WCG giving it an initial rating of “Underperform” and establishing a price target of $75.00. On November 5 Stifel Nicolaus kept the stock rating at “Buy” but lowered the price target to $100.00 from $110.00.