Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare Offers Tennessee 2017 Medicare Advantage Options That Promote Preventive and Maintenance Care.
The company is so far trading down by -0.96% since yesterday’s close of $115.13.
Shares are trading at $114.03 a tad under $115.35, the 50 day moving average and slightly over 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 the market cap is 5.05B. In the latest earnings report the EPS was $4.00 and is expected 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 and the next full year EPS is anticipated to be $5.94.
Several Wall Street analysts have released opinions on the stock. On May 5 Leerink Swann maintained a stock rating of “Outperform” and raised the price target from $74.00 to $110.00. On February 22 the company was upgraded to “Overweight” from “Neutral” and a price target of $114.00 was set in a statement from JP Morgan.
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 maintained a company rating of “Hold” and moved down the price target to $80.00 from $84.00.
On December 16, 2015 Credit Suisse began coverage of WCG by announcing an initial rating of “Underperform” and projecting a price target of $75.00. November 5 investment analysts at Stifel Nicolaus kept the company rating at “Buy” but lowered the price target from $110.00 to $100.00.