Jefferies Group Increases WellCare Health Plans Price Target to $63.00 (WCG)
Equities researchers at Jefferies Group raised their target price on shares of WellCare Health Plans (NYSE:WCG) from $59.00 to $63.00 in a research report issued on Wednesday, Analyst Ratings Network reports. Jefferies Group’s target price would suggest a potential downside of 13.26% from the company’s current price.
WCG has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Zacks upgraded shares of WellCare Health Plans from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $64.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $71.13.
Shares of WellCare Health Plans (NYSE:WCG) opened at 72.63 on Wednesday. WellCare Health Plans has a 52-week low of $50.41 and a 52-week high of $75.31. The stock’s 50-day moving average is $65.70 and its 200-day moving average is $66.65. The company has a market cap of $3.185 billion and a P/E ratio of 15.83.
WellCare Health Plans (NYSE:WCG) last announced its earnings results on Tuesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $1.09. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, analysts predict that WellCare Health Plans will post $4.22 earnings per share for the current fiscal year.
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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