Somewhat Positive Press Coverage Somewhat Unlikely to Impact WellCare Health Plans (WCG) Share Price
News coverage about WellCare Health Plans (NYSE:WCG) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. WellCare Health Plans earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.4109421659659 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- WellCare Health Plans, Inc. (WCG) to Post FY2017 Earnings of $8.35 Per Share, Cantor Fitzgerald Forecasts (americanbankingnews.com)
- WellCare Health Plans, Inc. Expected to Earn FY2017 Earnings of $8.40 Per Share (WCG) (americanbankingnews.com)
- WellCare Comments on Funding for the Championing Healthy Kids Act – PR Newswire (press release) (prnewswire.com)
- ETFs with exposure to WellCare Health Plans, Inc. : November 2, 2017 (finance.yahoo.com)
WCG has been the subject of a number of research analyst reports. Deutsche Bank AG lifted their price target on WellCare Health Plans from $185.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Cantor Fitzgerald reiterated a “buy” rating and set a $195.00 price target on shares of WellCare Health Plans in a report on Saturday, August 26th. Zacks Investment Research cut WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Bank of America Corporation lifted their price target on WellCare Health Plans from $185.00 to $189.00 and gave the stock a “neutral” rating in a report on Friday, July 14th. Finally, Mitsubishi UFJ Financial Group initiated coverage on WellCare Health Plans in a report on Thursday, September 21st. They set an “overweight” rating and a $204.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $190.25.
Shares of WellCare Health Plans (NYSE WCG) opened at $206.50 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9,193.70, a price-to-earnings ratio of 22.35, a P/E/G ratio of 1.59 and a beta of 0.81.
WellCare Health Plans (NYSE:WCG) last released its quarterly earnings results on Tuesday, October 31st. The company reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $2.18. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. equities research analysts expect that WellCare Health Plans will post 8.45 EPS for the current fiscal year.
In other WellCare Health Plans news, CEO Kenneth A. Burdick sold 8,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the completion of the transaction, the chief executive officer now directly owns 23,627 shares in the company, valued at $4,116,768.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glenn Md Phd Steele, Jr. sold 8,374 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $171.97, for a total transaction of $1,440,076.78. Following the transaction, the director now owns 5,722 shares of the company’s stock, valued at $984,012.34. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.
About WellCare Health Plans
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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