Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of Kentucky Offers Expanded Benefits for Its Medicaid Members.
The company is trading down since yesterday’s close of $115.13.
Shares of the company are trading at $114.03 which is marginally under the 50 day moving average of $115.35 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’s P/E ratio is 28.49 and the market cap is 5.05B. As of the last earnings report the EPS was $4.00 and is projected to be $5.03 for the current year with 44,268,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.65 with next year’s EPS projected to be $5.94.
Analysts have released opinions on WCG of late. May 5 investment analysts at Leerink Swann made no change to the company rating of “Outperform” but raised 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 altering the rating from “Neutral” to “Overweight”. On January 8 Jefferies made no change to the stock rating of “Hold” but moved down the price target from $84.00 to $80.00.
On December 16 analysts at Credit Suisse initiated coverage on WCG by announcing an initial rating of “Underperform” and establishing a price target of $75.00. November 5 investment analysts at Stifel Nicolaus left the company rating at “Buy” and moved down the price target from $110.00 to $100.00.