Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare Offers Mississippi Seniors 2017 Medicare Advantage Options That Promote Preventive and Maintenance Care.
The company is now down by -0.96 percent from yesterday’s close.
The stock last traded at $114.03 which is just a bit below the 50 day moving average which is $115.35 and a tad above the 200 day moving average of $107.14. The 50 day moving average went down $-1.32 or -1.14% whereas the 200 day moving average was up $6.89 or +6.43%.
The P/E ratio is 28.49 and the market cap of the company is 5.05B. As of the latest 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. Next quarter’s EPS is expected be $0.65 with next year’s EPS projected to be $5.94.
Several investment firms have released ratings on the stock. May 5 investment analysts at Leerink Swann maintained a stock rating of “Outperform” but raised the price target to $110.00 from $74.00. On February 22 the stock rating was upgraded to “Overweight” from “Neutral” and a price target of $114.00 was set by JP Morgan.
Equity analyst JP Morgan both upgraded the stock and raised the price target on February 22 changing the price objective from $80.00 to $114.00 and moving the rating from “Neutral” to “Overweight”. On January 8 Jefferies maintained a company rating of “Hold” and lowered the price expectation from $84.00 to $80.00.
On December 16 analysts at Credit Suisse began coverage of WCG setting a rating of “Underperform” and price target of $75.00. November 5 investment analysts at Stifel Nicolaus left the stock rating at “Buy” but moved down the price target from $110.00 to $100.00.