WellCare Health Plans Given New $85.00 Price Target at Stifel Nicolaus (WCG)
Stifel Nicolaus upped their price objective on shares of WellCare Health Plans (NYSE:WCG) from $75.00 to $85.00 in a research note issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 25.80% from the stock’s previous close.
Shares of WellCare Health Plans (NYSE:WCG) traded up 3.60% during mid-day trading on Wednesday, hitting $70.00. 393,673 shares of the company’s stock traded hands. WellCare Health Plans has a one year low of $50.41 and a one year high of $75.31. The stock has a 50-day moving average of $65.16 and a 200-day moving average of $66.55. The company has a market cap of $3.064 billion and a price-to-earnings ratio of 16.98.
WellCare Health Plans (NYSE:WCG) last released its earnings data on Tuesday, May 6th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $1.09. During the same quarter last year, the company posted $0.63 earnings per share. Analysts expect that WellCare Health Plans will post $4.07 EPS for the current fiscal year.
A number of other firms have also recently commented on WCG. Analysts at Jefferies Group raised their price target on shares of WellCare Health Plans from $59.00 to $63.00 in a research note on Wednesday. Separately, analysts at Monness Crespi & Hardt upgraded shares of WellCare Health Plans from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $55.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of WellCare Health Plans from a “neutral” rating to a “buy” rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $70.15.
WellCare Health Plans, Inc (NYSE:WCG) is a provider of managed care services to government-sponsored health care programs, focusing on Medicaid and Medicare.
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