Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare to Award $25,000 in Micro-Grants to Support Social Service Agencies in Kentucky.
In the market the company is trading down from yesterday’s close of $115.13.
The stock last traded at $114.03 just below $115.35, the 50 day moving average and which is marginally over the 200 day moving average of $107.14. The 50 day moving average was down $-1.32 or -1.14% whereas the 200 day average was up by +6.43%.
The company currently has a P/E ratio of 28.49 and the market cap of the company is 5.05B. In the latest earnings report the EPS was $4.00 and is estimated to be $5.03 for the current year with 44,268,000 shares outstanding. Next quarter’s EPS is expected be $0.65 with next year’s EPS projected to be $5.94.
A few investment firms have weighed in on the stock. On May 5 Leerink Swann kept the stock rating at “Outperform” but raised the price expectation to $110.00 from $74.00. On February 22 the company was upgraded from “Neutral” to “Overweight” with a current price target of $114.00 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 moving the rating from “Neutral” to “Overweight”. January 8 investment analysts at Jefferies held the company rating at “Hold” and lowered the price target from $84.00 to $80.00.
On December 16, 2015 Credit Suisse initiated coverage on WCG setting a rating of “Underperform” and projecting a price target of $75.00. November 5 investment analysts at Stifel Nicolaus made no change to the stock rating of “Buy” but moved down the price target from $110.00 to $100.00.