Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare Health Plans of New Jersey Offers 2017 Medicare Advantage Options to Help Seniors Achieve and Maintain Optimal Health.
In the market the company is trading down by -0.96 percent from yesterday’s close.
It is trading at $114.03 which is slightly below $115.35, the stock’s 50 day moving average and barely above the 200 day moving average of $107.14. The 50 day moving average moved down $-1.32 and the 200 day average went up by +6.43%.
The company currently has a P/E ratio of 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 now outstanding. Next quarter’s EPS is forecasted at $0.65 and the next full year EPS is projected to be $5.94.
Several brokerages have weighed in on the stock. May 5 investment analysts at Leerink Swann held the company rating at “Outperform” but moved up the price target from $74.00 to $110.00. On February 22 the company was upgraded from “Neutral” to “Overweight” with a current price target of $114.00 in an announcement from JP Morgan.
JP Morgan upgraded the stock and raised the price target on February 22 changing the price target from $80.00 to $114.00 and moving the rating from “Neutral” to “Overweight”. On January 8 Jefferies kept the company rating at “Hold” but lowered the price expectation to $80.00 from $84.00.
On December 16 analysts at Credit Suisse began coverage by announcing an initial rating of “Underperform” and a price target of $75.00. On November 5 Stifel Nicolaus maintained a company rating of “Buy” and moved down the price target to $100.00 from $110.00.