Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of Louisiana Offers 2017 Medicare Advantage Options to Help Seniors Achieve and Maintain Optimal Health.
In the market the company is trading down by -0.96% since yesterday’s close of $115.13.
The stock last traded at $114.03 a bit lower than $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 whereas the 200 day average was up by +6.43%.
The P/E ratio is currently 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 with next year’s EPS anticipated to be $5.94.
A few investment firms have provided guidance on WCG of late. On May 5 Leerink Swann left the stock rating at “Outperform” and raised the price expectation to $110.00 from $74.00. On February 22 the company was upgraded from “Neutral” to “Overweight” and a price target of $114.00 was set by analysts at JP Morgan.
Equity analyst JP Morgan upgraded the stock and raised the price target on February 22 boosting the price target from $80.00 to $114.00 and raising the rating from “Neutral” to “Overweight”. January 8 investment analysts at Jefferies held the company rating at “Hold” but moved down the price target from $84.00 to $80.00.
Credit Suisse began coverage of the stock giving it an initial rating of “Underperform” and a price target of $75.00. November 5 investment analysts at Stifel Nicolaus maintained a company rating of “Buy” and lowered the price target from $110.00 to $100.00.