WellPoint Rating Reiterated by JPMorgan Chase & Co. (WLP)
WellPoint (NYSE:WLP)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday. They currently have a $114.00 target price on the stock, up from their previous target price of $109.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 5.21% from the company’s current price.
Shares of WellPoint (NYSE:WLP) traded down 0.41% during mid-day trading on Tuesday, hitting $107.905. 454,948 shares of the company’s stock traded hands. WellPoint has a 52 week low of $75.02 and a 52 week high of $110.03. The stock has a 50-day moving average of $102.0 and a 200-day moving average of $93.96. The company has a market cap of $30.178 billion and a price-to-earnings ratio of 14.11.
WellPoint (NYSE:WLP) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.16. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the previous year, the company posted $2.94 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that WellPoint will post $8.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, June 6th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of WellPoint in a research note on Friday. They now have a $114.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $110.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $101.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. WellPoint currently has an average rating of “Hold” and a consensus target price of $110.57.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
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