Shares of WellCare Health Plans, Inc. (NYSE:WCG) have been given an average recommendation of “Buy” by the seventeen research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $220.50.
WCG has been the topic of several research analyst reports. Goldman Sachs initiated coverage on WellCare Health Plans in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $255.00 price objective on the stock. ValuEngine downgraded WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Cowen restated an “outperform” rating and issued a $250.00 price objective on shares of WellCare Health Plans in a research report on Tuesday, January 23rd. Cantor Fitzgerald restated a “buy” rating and issued a $235.00 price objective on shares of WellCare Health Plans in a research report on Monday, December 18th. Finally, Bank of America upgraded WellCare Health Plans from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, March 16th.
WCG stock traded up $3.39 during midday trading on Wednesday, reaching $191.80. The company had a trading volume of 325,867 shares, compared to its average volume of 333,605. WellCare Health Plans has a 12 month low of $136.83 and a 12 month high of $221.75. The stock has a market capitalization of $8,389.74, a P/E ratio of 22.87, a PEG ratio of 1.34 and a beta of 0.88. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.49.
Large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of WellCare Health Plans in the third quarter worth about $103,000. Bessemer Group Inc. lifted its position in shares of WellCare Health Plans by 593.2% in the fourth quarter. Bessemer Group Inc. now owns 818 shares of the company’s stock worth $165,000 after buying an additional 700 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of WellCare Health Plans in the fourth quarter worth about $202,000. Gotham Asset Management LLC purchased a new stake in shares of WellCare Health Plans in the fourth quarter worth about $202,000. Finally, Matisse Capital purchased a new stake in shares of WellCare Health Plans in the fourth quarter worth about $205,000. Institutional investors own 98.23% of the company’s stock.
WellCare Health Plans Company Profile
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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