Wellcare Health Plans, Inc. Com (NYSE:WCG):
Easy Choice Offers 2017 Medicare Advantage Plans That Emphasize Preventative Health Measures.
The company is down by -0.96% since yesterday’s close of $115.13.
Company shares last traded at $114.03 marginally under the 50 day moving average of $115.35 and a tad higher than the 200 day moving average of $107.14. The 50 day moving average was down $-1.32 and the 200 day average was up $6.89.
The company currently has a P/E ratio of 28.49 and the market value is 5.05B. In 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. Analysts expect next quarter’s EPS to be $0.65 and the next full year EPS is projected to be $5.94.
Several brokerage analysts have released opinions on WCG recently. On May 5 Leerink Swann left the company rating at “Outperform” but raised the price expectation to $110.00 from $74.00. 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 setting the rating at “Overweight” which had previously been “Neutral”.
On February 22 the stock rating was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 in a statement from JP Morgan. January 8 investment analysts at Jefferies maintained a company rating of “Hold” and moved down the price target from $84.00 to $80.00.
Credit Suisse initiated coverage on the stock giving it an initial rating of “Underperform” and price target of $75.00. November 5 investment analysts at Stifel Nicolaus kept the stock rating at “Buy” and lowered the price target to $100.00 from $110.00.