WellPoint Receives Average Rating of “Hold” from Brokerages (NYSE:WLP)
Shares of WellPoint (NYSE:WLP) have received a consensus recommendation of “Hold” from the twenty-two ratings firms that are presently covering the company, American Banking & Market News reports. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $118.06.
WellPoint (NYSE:WLP) opened at 111.00 on Monday. WellPoint has a 1-year low of $81.46 and a 1-year high of $116.50. The stock has a 50-day moving average of $110.6 and a 200-day moving average of $99.71. The company has a market cap of $30.441 billion and a price-to-earnings ratio of 14.70.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, July 30th. The company reported $2.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.25 by $0.19. The company had revenue of $18.23 billion for the quarter, compared to the consensus estimate of $18.25 billion. During the same quarter in the prior year, the company posted $2.60 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that WellPoint will post $8.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Investors of record on Wednesday, September 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 1.58%. The ex-dividend date of this dividend is Monday, September 8th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of WellPoint in a research note on Thursday. They now have a $118.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of WellPoint in a research note on Thursday. They now have a $120.00 price target on the stock, up previously from $110.00. Finally, analysts at Wedbush raised their price target on shares of WellPoint from $110.00 to $118.00 in a research note on Thursday. They now have a “neutral” rating on the stock.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
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