Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of Texas Offers 2017 Medicare Advantage Options to Help Seniors Achieve and Maintain Optimal Health.
The company is now down by -0.96% since yesterday’s close of $115.13.
The stock is trading at $114.03 slightly below $115.35, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $107.14. The 50 day moving average was down $-1.32 or -1.14% and the 200 day average went up by +6.43%.
Wellcare Health Plans, Inc. Com’s P/E ratio is 28.49 and market capitalization is 5.05B. As of the last earnings report the EPS was $4.00 and is expected to be $5.03 for the current year with 44,268,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.65 and the next full year EPS is projected to be $5.94.
A few analysts have released ratings on WCG of late. May 5 investment analysts at Leerink Swann maintained a company rating of “Outperform” and raised the price target from $74.00 to $110.00. 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.
JP Morgan raised the price target and upgraded the stock on February 22 boosting the price target from $80.00 to $114.00 and altering the rating from “Neutral” to “Overweight”. On January 8 Jefferies maintained a stock rating of “Hold” but lowered the price target to $80.00 from $84.00.
On December 16, 2015 Credit Suisse released its first research report on the stock with a rating of “Underperform” and setting a price target of $75.00. On November 5 Stifel Nicolaus made no change to the company rating of “Buy” and moved down the price target from $110.00 to $100.00.