Shares of WellCare Health Plans, Inc. (NYSE:WCG) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $312.00.
WCG has been the topic of several recent research reports. Stephens cut shares of WellCare Health Plans from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $330.00 to $317.00 in a research note on Monday, September 9th. ValuEngine cut shares of WellCare Health Plans from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald cut shares of WellCare Health Plans from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th.
Shares of NYSE:WCG traded up $10.36 during trading on Monday, hitting $312.16. The company’s stock had a trading volume of 386,691 shares, compared to its average volume of 678,294. The company has a 50-day moving average of $278.00 and a 200-day moving average of $277.87. WellCare Health Plans has a 12 month low of $220.63 and a 12 month high of $314.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.35 and a beta of 0.91.
WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $5.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.93 by $1.57. WellCare Health Plans had a net margin of 2.34% and a return on equity of 17.00%. The firm had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter in the prior year, the business earned $3.33 EPS. The business’s quarterly revenue was up 41.2% on a year-over-year basis. As a group, research analysts anticipate that WellCare Health Plans will post 15.42 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its holdings in WellCare Health Plans by 4.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 958 shares of the company’s stock worth $248,000 after acquiring an additional 38 shares in the last quarter. Magnus Financial Group LLC increased its holdings in WellCare Health Plans by 4.3% in the 2nd quarter. Magnus Financial Group LLC now owns 954 shares of the company’s stock worth $272,000 after acquiring an additional 39 shares in the last quarter. Advisor Partners LLC increased its holdings in WellCare Health Plans by 3.9% in the 3rd quarter. Advisor Partners LLC now owns 1,103 shares of the company’s stock worth $286,000 after acquiring an additional 41 shares in the last quarter. World Asset Management Inc increased its holdings in WellCare Health Plans by 1.6% in the 2nd quarter. World Asset Management Inc now owns 3,635 shares of the company’s stock worth $1,036,000 after acquiring an additional 58 shares in the last quarter. Finally, Hartford Investment Management Co. increased its holdings in WellCare Health Plans by 1.4% in the 2nd quarter. Hartford Investment Management Co. now owns 5,645 shares of the company’s stock worth $1,609,000 after acquiring an additional 77 shares in the last quarter. 91.64% of the stock is owned by institutional investors.
About WellCare Health Plans
WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (PDPs). The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports programs for qualifying families who are not eligible for Medicaid.
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