Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of New York Offers 2017 Medicare Advantage Options to Help Seniors Achieve and Maintain Optimal Health.
The company is now down since yesterday’s close of $115.13.
It is currently trading at $114.03 a tad under $115.35, the stock’s 50 day moving average and just above the 200 day moving average of $107.14. The 50 day moving average went down by -1.14% and the 200 day average was up $6.89.
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. Next quarter’s EPS is forecasted at $0.65 with next year’s EPS projected to be $5.94.
Several brokerages have weighed in on the company of late. On May 5 Leerink Swann kept the company rating at “Outperform” and raised the price target from $74.00 to $110.00. On February 22 the company was upgraded to “Overweight” from “Neutral” with a current price target of $114.00 in a report from JP Morgan.
Equity analyst JP Morgan raised the price target and upgraded the stock on February 22 changing the price objective from $80.00 to $114.00 and altering the rating from “Neutral” to “Overweight”. January 8 investment analysts at Jefferies left the company rating at “Hold” and moved down the price target to $80.00 from $84.00.
Equity analyst Credit Suisse released its first research report on the stock giving it an initial rating of “Underperform” and a price target of $75.00. On November 5 Stifel Nicolaus maintained a stock rating of “Buy” but lowered the price expectation to $100.00 from $110.00.