WellCare Health Plans Given Average Recommendation of “Hold” by Analysts (NYSE:WCG)
WellCare Health Plans (NYSE:WCG) has been given a consensus recommendation of “Hold” by the nineteen ratings firms that are currently covering the company, AmericanBankingNews.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $69.55.
Shares of WellCare Health Plans (NYSE:WCG) opened at 62.63 on Tuesday. WellCare Health Plans has a 1-year low of $55.16 and a 1-year high of $78.37. The stock’s 50-day moving average is $67.14 and its 200-day moving average is $67.90. The company has a market cap of $2.749 billion and a P/E ratio of 19.41.
WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings results 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 previous 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.
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, August 18th. 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, August 18th. 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, 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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