Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of Connecticut Offers 2017 Medicare Advantage Options to Help Seniors Achieve and Maintain Optimal Health.
The company is so far trading down from yesterday’s close of $115.13.
Shares are trading at $114.03 a bit lower than the 50 day moving average of $115.35 and which is 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 average was up by +6.43%.
The P/E ratio is currently 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 forecasted to be $0.65 and the next full year EPS is anticipated to be $5.94.
Brokerage analysts have weighed in on Wellcare Health Plans, Inc. Com. On May 5 Leerink Swann maintained a stock rating of “Outperform” but raised the price expectation to $110.00 from $74.00. On February 22 the company was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 in a report from JP Morgan.
Equity analyst JP Morgan both 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 made no change to the stock rating of “Hold” and moved down the price target from $84.00 to $80.00.
Equity analyst Credit Suisse issued its first research report on the stock with a rating of “Underperform” and a price target of $75.00. November 5 investment analysts at Stifel Nicolaus made no change to the company rating of “Buy” but moved down the price target to $100.00 from $110.00.