WellCare Health Plans Given Consensus Rating of “Hold” by Analysts (NYSE:WCG)
Shares of WellCare Health Plans (NYSE:WCG) have received an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Analyst Ratings Net reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $72.92.
WellCare Health Plans (NYSE:WCG) opened at 74.02 on Tuesday. WellCare Health Plans has a 52 week low of $55.16 and a 52 week high of $78.37. The stock’s 50-day moving average is $76.04 and its 200-day moving average is $68.54. The company has a market cap of $3.247 billion and a P/E ratio of 16.32.
WellCare Health Plans (NYSE:WCG) last released its earnings data on Tuesday, May 6th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $1.09. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, analysts predict that WellCare Health Plans will post $4.23 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on WCG shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of WellCare Health Plans in a research note on Thursday. They now have a $67.00 price target on the stock, up previously from $63.00. Separately, analysts at Sterne Agee initiated coverage on shares of WellCare Health Plans in a research note on Friday, June 27th. They set an “underperform” rating and a $76.00 price target on the stock. Finally, analysts at Zacks upgraded shares of WellCare Health Plans from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. They now have a $80.90 price target on the stock.
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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