WellCare Health Plans Inc. (NYSE:WCG) – Leerink Swann issued their FY2016 EPS estimates for shares of WellCare Health Plans in a note issued to investors on Tuesday. Leerink Swann analyst A. Gupte expects that the brokerage will earn $5.45 per share for the year. Leerink Swann currently has a “Outperform” rating and a $135.00 target price on the stock.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.52. The firm earned $3.58 billion during the quarter, compared to analyst estimates of $3.51 billion. WellCare Health Plans had a return on equity of 13.48% and a net margin of 1.47%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS.

Earnings History and Estimates for WellCare Health Plans (NYSE:WCG)

A number of other brokerages have also weighed in on WCG. Credit Suisse Group AG raised shares of WellCare Health Plans from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $108.00 to $115.00 in a research note on Friday, November 11th. JPMorgan Chase & Co. lowered shares of WellCare Health Plans from an “overweight” rating to a “neutral” rating and set a $115.00 target price for the company. in a research note on Thursday, November 10th. Jefferies Group upped their target price on shares of WellCare Health Plans to $105.00 in a research note on Wednesday, August 3rd. Wedbush reissued a “neutral” rating and set a $119.00 price target (down from $126.00) on shares of WellCare Health Plans in a research report on Wednesday, August 3rd. Finally, Morgan Stanley reissued a “sell” rating and set a $80.00 price target on shares of WellCare Health Plans in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $105.89.

WellCare Health Plans (NYSE:WCG) opened at 128.60 on Thursday. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 27.23 and a beta of 0.93. The firm’s 50-day moving average price is $119.08 and its 200-day moving average price is $110.14. WellCare Health Plans has a 52 week low of $69.16 and a 52 week high of $132.35.

Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in WellCare Health Plans during the third quarter valued at $104,000. MSI Financial Services Inc boosted its position in WellCare Health Plans by 40.4% in the third quarter. MSI Financial Services Inc now owns 1,143 shares of the company’s stock valued at $134,000 after buying an additional 329 shares in the last quarter. Advisors Asset Management Inc. boosted its position in WellCare Health Plans by 27.4% in the second quarter. Advisors Asset Management Inc. now owns 1,529 shares of the company’s stock valued at $164,000 after buying an additional 329 shares in the last quarter. BlackRock Japan Co. Ltd boosted its position in WellCare Health Plans by 95.8% in the third quarter. BlackRock Japan Co. Ltd now owns 1,400 shares of the company’s stock valued at $164,000 after buying an additional 685 shares in the last quarter. Finally, LPL Financial LLC bought a new position in WellCare Health Plans during the third quarter valued at $207,000.

WellCare Health Plans Company Profile

WellCare Health Plans, Inc is a managed care company focused 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 complex medical needs. The Company’s segments include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

5 Day Chart for NYSE:WCG

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