WellPoint Hits New 1-Year High at $116.74 (WLP)
WellPoint (NYSE:WLP)’s share price hit a new 52-week high during trading on Thursday , Analyst Ratings News reports. The company traded as high as $116.74 and last traded at $116.30, with a volume of 1,321,435 shares trading hands. The stock had previously closed at $115.78.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of WellPoint in a research note on Wednesday, August 13th. They now have a $111.00 price target on the stock, up previously from $109.00. Separately, 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, August 5th. Finally, 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. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $117.89.
The stock has a 50-day moving average of $112.4 and a 200-day moving average of $103.1. The company has a market cap of $31.881 billion and a price-to-earnings ratio of 15.33.
WellPoint (NYSE:WLP) last released its earnings data 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. Analysts expect that WellPoint will post $8.71 EPS 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 1.51%. The ex-dividend date of this dividend is Monday, September 8th.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
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