News stories about WellCare Health Plans (NYSE:WCG) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WellCare Health Plans earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.2499451945458 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
A number of research analysts have recently commented on WCG shares. BMO Capital Markets started coverage on WellCare Health Plans in a research report on Monday, October 16th. They set an “outperform” rating and a $215.00 target price for the company. Cantor Fitzgerald restated a “buy” rating and issued a $195.00 price target on shares of WellCare Health Plans in a research report on Saturday, August 26th. Cowen initiated coverage on WellCare Health Plans in a research report on Monday, October 9th. They issued an “outperform” rating and a $200.00 price target for the company. ValuEngine downgraded WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Deutsche Bank lifted their target price on WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $200.20.
Shares of WellCare Health Plans (NYSE WCG) traded down $8.12 during trading hours on Monday, reaching $203.23. The company’s stock had a trading volume of 283,511 shares, compared to its average volume of 363,030. WellCare Health Plans has a one year low of $133.21 and a one year high of $213.97. The firm has a market capitalization of $9,409.63, a P/E ratio of 22.87, a PEG ratio of 1.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28.
WellCare Health Plans (NYSE:WCG) last posted 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. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.37 billion. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. equities research analysts anticipate that WellCare Health Plans will post 8.44 EPS for the current year.
In other WellCare Health Plans news, Director Carol Burt sold 997 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kenneth A. Burdick sold 8,500 shares of the company’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 of the company’s stock, valued at $4,116,768.48. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by 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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