Leerink Swann reissued their outperform rating on shares of WellCare Health Plans Inc. (NYSE:WCG) in a research report report published on Friday morning. Leerink Swann currently has a $135.00 price target on the stock, up from their prior price target of $115.00.

Several other equities analysts have also recently commented on the stock. Credit Suisse Group AG restated a sell rating and set a $100.00 price target on shares of WellCare Health Plans in a report on Tuesday, August 30th. Jefferies Group restated a hold rating and set a $105.00 price target (up from $101.00) on shares of WellCare Health Plans in a report on Monday, August 1st. Wedbush restated a neutral rating and set a $119.00 price target (down from $126.00) on shares of WellCare Health Plans in a report on Wednesday, August 3rd. JPMorgan Chase & Co. cut shares of WellCare Health Plans from an overweight rating to a neutral rating and set a $115.00 price target on the stock. in a report on Thursday, November 10th. Finally, Morgan Stanley restated a sell rating and set a $80.00 price target on shares of WellCare Health Plans in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. WellCare Health Plans has an average rating of Hold and a consensus target price of $105.89.

Shares of WellCare Health Plans (NYSE:WCG) traded up 0.88% during mid-day trading on Friday, hitting $129.73. The stock had a trading volume of 72,117 shares. The stock has a market cap of $5.75 billion, a P/E ratio of 27.47 and a beta of 0.93. WellCare Health Plans has a 52 week low of $69.16 and a 52 week high of $132.35. The stock has a 50-day moving average price of $119.43 and a 200 day moving average price of $110.42.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.11 by $0.52. WellCare Health Plans had a net margin of 1.47% and a return on equity of 13.48%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the company posted $1.00 EPS. WellCare Health Plans’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that WellCare Health Plans will post $5.43 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. IBM Retirement Fund acquired a new stake in WellCare Health Plans during the second quarter worth $480,000. Acadian Asset Management LLC boosted its stake in shares of WellCare Health Plans by 180.3% in the second quarter. Acadian Asset Management LLC now owns 1,431,606 shares of the company’s stock valued at $153,583,000 after buying an additional 920,829 shares in the last quarter. Americafirst Capital Management LLC boosted its stake in shares of WellCare Health Plans by 6.9% in the second quarter. Americafirst Capital Management LLC now owns 23,617 shares of the company’s stock valued at $2,534,000 after buying an additional 1,529 shares in the last quarter. MAI Capital Management purchased a new stake in shares of WellCare Health Plans during the second quarter valued at $223,000. Finally, Capstone Asset Management Co. boosted its stake in shares of WellCare Health Plans by 42.6% in the second quarter. Capstone Asset Management Co. now owns 4,383 shares of the company’s stock valued at $470,000 after buying an additional 1,310 shares in the last quarter. 99.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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