Wellcare Health Plans Price Target Cut to $63.00 (WCG)
Equities research analysts at Barclays lowered their price objective on shares of Wellcare Health Plans (NYSE:WCG) from $75.00 to $63.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price suggests a potential upside of 7.23% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Wellcare Health Plans from $69.00 to $61.00 in a research note on Thursday. Separately, analysts at Monness Crespi & Hardt downgraded shares of Wellcare Health Plans from a “neutral” rating to a “sell” rating in a research note on Monday, January 27th. They now have a $55.00 price target on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Wellcare Health Plans from $62.00 to $67.00 in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.00.
Shares of Wellcare Health Plans (NYSE:WCG) traded up 2.70% on Thursday, hitting $58.17. 791,307 shares of the company’s stock traded hands. Wellcare Health Plans has a 1-year low of $50.41 and a 1-year high of $75.31. The stock has a 50-day moving average of $67.58 and a 200-day moving average of $68.05. The company has a market cap of $2.542 billion and a P/E ratio of 13.75.
Wellcare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.15 by $0.06. During the same quarter last year, the company posted $1.32 earnings per share. On average, analysts predict that Wellcare Health Plans will post $4.68 earnings per share for the current fiscal year.
WellCare Health Plans, Inc (NYSE:WCG) provides managed care services to government-sponsored health care programs.
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