Cantor Fitzgerald Reiterates WellCare Health Plans to Hold with Price Target $90.00

Brokerage firm Cantor Fitzgerald Reiterates its rating on WellCare Health Plans(NYSE:WCG). In a research note issued to the investors, the brokerage major Raises the price-target to $90.00 per share. The shares have been rated Hold. The rating by Cantor Fitzgerald was issued on Jun 24, 2016.

In a different note, On May 5, 2016, Leerink Swann said it Maintains its rating on WellCare Health Plans. In the research note, the firm Raises the price-target to $105.00 per share. The shares have been rated ‘Outperform’ by the firm.

WellCare Health Plans (WCG) made into the market gainers list on Wednesdays trading session with the shares advancing 3.35% or 3.49 points. Due to strong positive momentum, the stock ended at $107.52, which is also near the day’s high of $107.85. The stock began the session at $104.95 and the volume stood at 4,58,399 shares. The 52-week high of the shares is $110.81 and the 52 week low is $69.16. The company has a current market capitalization of $4,758 M and it has 4,42,52,428 shares in outstanding.

WellCare Health Plans(WCG) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $3.54B. Analysts had an estimated revenue of $3.50B. Earnings per share were $1.06. Analysts had estimated an EPS of $0.69.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Kevin F Hickey (director) sold 1,000 shares at $105.56 per share price.Also, On May 17, 2016, Lawrence Anderson (SVP, Chief HR Officer) sold 1,000 shares at $93.02 per share price.On May 5, 2016, Daniel Robert Graham (director) sold 2,100 shares at $94.45 per share price, according to the Form-4 filing with the securities and exchange commission.

WellCare Health Plans Inc. (WellCare) is a managed care company for government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The Company offers a range of managed care health plans for families children and the aged blind and disabled as well as prescription drug plans. The Company operates in three segments: Medicaid Health Plans Medicare Health Plans and Medicare Prescription Drug Plans (PDPs). It operates Medicaid health plans in Florida Georgia Hawaii Illinois Kentucky Missouri New Jersey New York and South Carolina. In addition it offers Medicare Advantage (MA) coordinated care plans (CCPs) in certain counties in Arizona Arkansas California Connecticut Florida Georgia Hawaii Illinois Kentucky Louisiana Mississippi Missouri New Jersey New York Ohio South Carolina Tennessee and Texas. It also offers stand-alone Medicare PDPs in 49 states and the District of Columbia.

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