Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare Offers Arkansas Seniors 2017 Medicare Advantage Options That Promote Preventive and Maintenance Care.
The company is now down since yesterday’s close of $115.13.
The stock is trading at $114.03 which is marginally lower than $115.35, the 50 day moving average and slightly over the 200 day moving average of $107.14. The 50 day moving average was down by -1.14% whereas the 200 day average was up by +6.43%.
Wellcare Health Plans, Inc. Com currently has a P/E ratio of 28.49 and market cap is 5.05B. As of 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 presently outstanding. Analysts expect next quarter’s EPS to be $0.65 and the next full year EPS is projected to be $5.94.
Several analysts have provided guidance on the stock of late. May 5 investment analysts at Leerink Swann made no change to the stock rating of “Outperform” but raised the price target to $110.00 from $74.00. 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 setting the rating at “Overweight” which had previously been “Neutral”.
On February 22 the company was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 by analysts at JP Morgan. On January 8 Jefferies maintained a stock rating of “Hold” and moved down the price target from $84.00 to $80.00.
Credit Suisse initiated coverage with an initial rating of “Underperform” and setting a price target of $75.00. November 5 investment analysts at Stifel Nicolaus held the company rating at “Buy” but moved down the price target to $100.00 from $110.00.