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WellCare Health Plans (NYSE:WCG) has been given a consensus recommendation of “Hold” by the nineteen ratings firms that are presently covering the company, AR Network reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $69.55.

WCG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of WellCare Health Plans from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $60.20 price target on the stock. Separately, analysts at Wedbush downgraded shares of WellCare Health Plans from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $55.00 price target on the stock, down previously from $70.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of WellCare Health Plans in a research note on Wednesday, July 30th. They now have a $72.00 price target on the stock, down previously from $85.00.

WellCare Health Plans (NYSE:WCG) traded down 0.05% during mid-day trading on Tuesday, hitting $62.72. 38,939 shares of the company’s stock traded hands. WellCare Health Plans has a one year low of $55.16 and a one year high of $78.37. The stock has a 50-day moving average of $68.59 and a 200-day moving average of $67.98. The company has a market cap of $2.752 billion and a P/E ratio of 19.32. WellCare Health Plans also was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,831,856 shares, an increase of 66.9% from the July 15th total of 1,097,702 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average daily volume of 1,404,017 shares, the days-to-cover ratio is currently 1.3 days.

WellCare Health Plans (NYSE:WCG) last released its earnings data on Friday, July 25th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.97. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. On average, analysts predict that WellCare Health Plans will post $2.11 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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