Shares of WellCare Health Plans, Inc. (NYSE:WCG) have earned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $195.27.
A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of WellCare Health Plans from $183.00 to $184.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $214.00 target price on shares of WellCare Health Plans in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a research report on Friday, August 11th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $188.00 target price (up from $175.00) on shares of WellCare Health Plans in a research report on Wednesday, November 1st. Finally, Jefferies Group LLC increased their target price on shares of WellCare Health Plans from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st.
Shares of WellCare Health Plans (WCG) opened at $198.20 on Thursday. WellCare Health Plans has a 52-week low of $125.00 and a 52-week high of $208.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $8,977.77, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.81.
WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $2.18. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. equities research analysts anticipate that WellCare Health Plans will post 8.46 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “WellCare Health Plans, Inc. (WCG) Receives Average Rating of “Hold” from Analysts” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/11/16/wellcare-health-plans-inc-wcg-receives-average-rating-of-hold-from-analysts.html.
In other news, CEO Kenneth A. Burdick sold 8,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $174.24, for a total value of $1,481,040.00. Following the completion of the sale, the chief executive officer now owns 23,627 shares in the company, valued at approximately $4,116,768.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carol Burt sold 997 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total transaction of $201,593.40. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WCG. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of WellCare Health Plans in the 3rd quarter worth $103,000. State of Alaska Department of Revenue acquired a new stake in shares of WellCare Health Plans in the 2nd quarter worth $121,000. Advisory Services Network LLC lifted its stake in shares of WellCare Health Plans by 8.4% in the 2nd quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after acquiring an additional 67 shares during the period. Eagle Global Advisors LLC acquired a new stake in shares of WellCare Health Plans in the 2nd quarter worth $211,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of WellCare Health Plans by 29.3% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,318 shares of the company’s stock worth $237,000 after acquiring an additional 299 shares during the period. Institutional investors own 98.17% of the company’s stock.
About WellCare Health Plans
WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.
Receive News & Ratings for WellCare Health Plans Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WellCare Health Plans Inc. and related companies with MarketBeat.com's FREE daily email newsletter.