Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of Kentucky Offers 2017 Medicare Advantage Options That Promote Preventive and Maintenance Care.
The company is so far trading down by -0.96 percent from yesterday’s close.
The stock is trading at $114.03 which is marginally under the 50 day moving average which is $115.35 and a tad above the 200 day moving average of $107.14. The 50 day moving average was down $-1.32 or -1.14% whereas the 200 day moving average was up $6.89 or +6.43%.
The company’s P/E ratio is 28.49 and market capitalization is 5.05B. In the latest earnings report the EPS was $4.00 and is estimated to be $5.03 for the current year with 44,268,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.65 and the next full year EPS is anticipated to be $5.94.
Several brokerages have issued ratings on the stock of late. On May 5 Leerink Swann held the stock rating at “Outperform” but moved up the price target from $74.00 to $110.00. On February 22 the company was upgraded from “Neutral” to “Overweight” with a current price target of $114.00 in a statement from JP Morgan.
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 changing the rating from “Neutral” to “Overweight”. January 8 investment analysts at Jefferies kept the stock rating at “Hold” but lowered the price target to $80.00 from $84.00.
Credit Suisse initiated coverage on the stock with a rating of “Underperform” and setting a price target of $75.00. On November 5 Stifel Nicolaus maintained a stock rating of “Buy” and moved down the price target from $110.00 to $100.00.