News coverage about WellCare Health Plans (NYSE:WCG) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. WellCare Health Plans earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.8373476787542 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- WellCare Health Plans, Inc. (WCG) : Investors may need a consensus Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Zacks.com featured highlights: WellCare Health Plans, Boston Beer Company, AppFolio, TriNet Group and Urban Outfitters (finance.yahoo.com)
- WellCare Health Plans, Inc. (WCG) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Harmony Health Plan Associate Honored as Care Coordinator of the Year by the Illinois Association of Medicaid Health Plans (finance.yahoo.com)
WellCare Health Plans (NYSE WCG) opened at $205.90 on Wednesday. WellCare Health Plans has a 12 month low of $133.21 and a 12 month high of $213.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $9,149.18, a price-to-earnings ratio of 22.24, a PEG ratio of 1.58 and a beta of 0.82.
WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, topping the consensus estimate of $1.90 by $2.18. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the company earned $1.63 EPS. The firm’s revenue was up 22.8% compared to the same quarter last year. research analysts forecast that WellCare Health Plans will post 8.44 earnings per share for the current fiscal year.
Several research analysts have commented on WCG shares. Piper Jaffray Companies restated a “buy” rating and set a $214.00 price target on shares of WellCare Health Plans in a report on Wednesday, November 1st. ValuEngine upgraded WellCare Health Plans from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $195.00 target price on shares of WellCare Health Plans in a report on Saturday, August 26th. Zacks Investment Research upgraded WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a report on Thursday, November 2nd. Finally, Deutsche Bank increased their price target on WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. WellCare Health Plans currently has an average rating of “Hold” and a consensus target price of $200.20.
In related news, CEO Kenneth A. Burdick sold 8,500 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the transaction, the chief executive officer now directly owns 23,627 shares of the company’s stock, valued at approximately $4,116,768.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carol Burt sold 997 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The disclosure for this sale can be found here. Company insiders own 0.47% 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.
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