WellCare Health Plans (WCG) Receives Analyst Rating

WellCare Health Plans (WCG) : 9 analysts are covering WellCare Health Plans (WCG) and their average rating on the stock is 2.56, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

WellCare Health Plans (WCG) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $126 and the lowest price target forecast is $105. The average forecast of all the analysts is $115.71 and the expected standard deviation is $8.04.


Also, Cantor Fitzgerald reiterates their rating on the shares of WellCare Health Plans (NYSE:WCG). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $90 per share from $85 per share. The rating by the firm was issued on June 24, 2016.

WellCare Health Plans (NYSE:WCG): After opening at $110.57, the stock dipped to an intraday low of $109.74 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $111.04 and the buying power remained strong till the end. The stock closed at $110.87 for the day, a gain of 0.11% for the day session. The total traded volume was 466,693. The stocks close on the previous trading day was $110.75.

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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