Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of South Carolina Offers 2017 Medicare Advantage Options That Promote Preventive and Maintenance Care.
The company is trading down by -0.96% since yesterday’s close of $115.13.
It is trading at $114.03 which is marginally under $115.35, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $107.14. The 50 day moving average was down $-1.32 and the 200 day average was up $6.89.
Wellcare Health Plans, Inc. Com’s P/E ratio is 28.49 and the market cap of the company is 5.05B. In the latest earnings report the EPS was $4.00 and is expected 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 anticipated to be $5.94.
Several investment firms have provided guidance on WCG recently. May 5 investment analysts at Leerink Swann kept the stock rating at “Outperform” but moved up the price target from $74.00 to $110.00. On February 22 the stock rating was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 in a report issued by JP Morgan.
JP Morgan raised the price target and upgraded the stock on February 22 boosting the price target from $80.00 to $114.00 and moving the rating from “Neutral” to “Overweight”. On January 8 Jefferies maintained a stock rating of “Hold” but lowered the price expectation to $80.00 from $84.00.
On December 16, 2015 Credit Suisse initiated coverage on WCG with an initial rating of “Underperform” and projecting a price target of $75.00. November 5 investment analysts at Stifel Nicolaus left the company rating at “Buy” but lowered the price target from $110.00 to $100.00.