Press coverage about WellCare Health Plans (NYSE:WCG) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.22 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.9687278887669 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
A number of brokerages have commented on WCG. Credit Suisse Group restated a “neutral” rating and set a $163.00 price target (up previously from $155.00) on shares of WellCare Health Plans in a research note on Thursday, July 13th. Deutsche Bank AG boosted their price target on shares of WellCare Health Plans from $185.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Bank of America Corporation boosted their price target on shares of WellCare Health Plans from $185.00 to $189.00 and gave the company a “neutral” rating in a research note on Friday, July 14th. Finally, BidaskClub lowered shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. WellCare Health Plans presently has an average rating of “Hold” and a consensus price target of $181.73.
Shares of WellCare Health Plans (NYSE:WCG) opened at 186.00 on Friday. The firm’s 50-day moving average is $172.43 and its 200 day moving average is $171.94. The stock has a market capitalization of $8.28 billion, a P/E ratio of 32.68 and a beta of 0.88. WellCare Health Plans has a 12-month low of $113.34 and a 12-month high of $186.33.
WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Friday, August 4th. The company reported $2.52 EPS for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.29. WellCare Health Plans had a return on equity of 14.91% and a net margin of 1.66%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the business posted $2.23 earnings per share. The firm’s revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts forecast that WellCare Health Plans will post $7.01 EPS for the current fiscal year.
In other WellCare Health Plans news, CEO Kenneth A. Burdick sold 8,500 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 23,627 shares of the company’s stock, valued at $4,116,768.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Glenn Md Phd Steele, Jr. sold 8,374 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $171.97, for a total value of $1,440,076.78. Following the sale, the director now directly owns 5,722 shares of the company’s stock, valued at approximately $984,012.34. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.
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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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