WellPoint Receives Average Rating of “Hold” from Analysts (NYSE:WLP)
Shares of WellPoint (NYSE:WLP) have been given an average recommendation of “Hold” by the twenty-three analysts that are covering the stock, AnalystRatings.NET reports. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $117.67.
WellPoint (NYSE:WLP) opened at 107.29 on Monday. WellPoint has a 52 week low of $81.46 and a 52 week high of $116.50. The stock has a 50-day moving average of $110.9 and a 200-day moving average of $100.3. The company has a market cap of $29.424 billion and a P/E ratio of 14.74.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, July 30th. The company reported $2.44 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.60 earnings per share. WellPoint’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that WellPoint will post $8.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Shareholders 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 1.63%. The ex-dividend date of this dividend is Monday, September 8th.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of WellPoint from $103.00 to $111.00 in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of WellPoint in a research note on Thursday, July 31st. They now have a $118.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of WellPoint in a research note on Thursday, July 31st. They now have a $120.00 price target on the stock, up previously from $110.00.
In other WellPoint news, CFO Wayne S. Deveydt sold 30,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $110.95, for a total value of $3,328,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
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