Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare to Pilot In-Home Telemonitoring Program in Arkansas, Mississippi and Tennessee.
In the market the company is trading down by -0.96 percent from yesterday’s close.
Company chares are trading at $114.03 just below $115.35, the stock’s 50 day moving average and slightly over the 200 day moving average of $107.14. The 50 day moving average moved down $-1.32 and the 200 day average went up $6.89 or +6.43%.
The company currently has a P/E ratio of 28.49 and the market cap 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 at $0.65 with next year’s EPS projected to be $5.94.
A few analysts have weighed in on the company recently. May 5 investment analysts at Leerink Swann kept the company rating at “Outperform” but moved up the price target to $110.00 from $74.00. On February 22 the stock rating was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 in a report issued by JP Morgan.
Equity analyst JP Morgan upgraded the stock and raised the price target on February 22 changing the price target from $80.00 to $114.00 and changing the rating from “Neutral” to “Overweight”. On January 8 Jefferies held the company rating at “Hold” and lowered the price target from $84.00 to $80.00.
Credit Suisse initiated coverage on WCG giving it an initial rating of “Underperform” and a price target of $75.00. On November 5 Stifel Nicolaus made no change to the stock rating of “Buy” and moved down the price target from $110.00 to $100.00.