Impact of Brokerage Rating on WellCare Health Plans, Inc.(WCG)

Many WellCare Health Plans, Inc.(WCG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. WellCare Health Plans was Downgraded by Stifel on Jan 4, 2017 to Hold, Price Target of the shares are set at $147.WellCare Health Plans was Initiated by Piper Jaffray to Overweight on Jan 4, 2017. WellCare Health Plans was Downgraded by Goldman to Neutral on Dec 13, 2016.

Company has reported several Insider transactions to the SEC, on Nov 21, 2016, Paul E Weaver (director) sold 3,000 shares at 128.75 per share price.On Aug 16, 2016, Glenn Jr Md Phd Steele (director) sold 10,000 shares at 114.86 per share price.On Jun 16, 2016, Kevin F Hickey (director) sold 1,000 shares at 105.56 per share price.

WellCare Health Plans Last issued its quarterly earnings results on Feb 7, 2017. The company reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.51. Analyst had a consensus of $0.52. The company had revenue of $3518.20 million for the quarter, compared to analysts expectations of $3552.45 million. The companys revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

WellCare Health Plans, Inc. (NYSE:WCG) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.56 by 9 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.

WellCare Health Plans, Inc. (NYSE:WCG): The stock price is expected to reach $ 142.25 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $170 while the lower estimate is at $115. The standard deviation of the price stands at $20.32.

WellCare Health Plans, Inc. (NYSE:WCG) witnessed a decline in the market cap on Tuesday as its shares dropped 0.77% or 1.1 points. After the session commenced at $143.76, the stock reached the higher end at $144.45 while it hit a low of $142.23. With the volume soaring to 706,158 shares, the last trade was called at $142.66. The company has a 52-week high of $151.93. The company has a market cap of $6,319 million and there are 44,293,881 shares in outstanding. The 52-week low of the share price is $81.14.

WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. WellCare provides high-quality, affordable healthcare services to members in Florida, New York, Connecticut, Illinois and Indiana.


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