WellCare Health Plans (WCG) Receiving Somewhat Positive News Coverage, Report Finds

News articles about WellCare Health Plans (NYSE:WCG) have trended somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WellCare Health Plans earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9991367376795 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment’s analysis:

Shares of WellCare Health Plans (WCG) traded up $3.57 on Tuesday, reaching $206.80. 366,320 shares of the company traded hands, compared to its average volume of 363,044. WellCare Health Plans has a fifty-two week low of $133.21 and a fifty-two week high of $213.97. The firm has a market capitalization of $9,409.63, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28.

WellCare Health Plans (NYSE:WCG) last announced its earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue was up 22.8% on a year-over-year basis. equities research analysts predict that WellCare Health Plans will post 8.44 EPS for the current year.

A number of research firms recently weighed in on WCG. Morgan Stanley boosted their price target on shares of WellCare Health Plans from $183.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research note on Friday, August 11th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $214.00 target price on shares of WellCare Health Plans in a research note on Wednesday, November 1st. Cowen started coverage on shares of WellCare Health Plans in a research note on Monday, October 9th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, ValuEngine downgraded shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. WellCare Health Plans presently has a consensus rating of “Hold” and a consensus price target of $200.20.

In other WellCare Health Plans news, Director Carol Burt sold 997 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kenneth A. Burdick sold 8,500 shares of the stock in a transaction 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 sale, the chief executive officer now owns 23,627 shares of the company’s stock, valued at approximately $4,116,768.48. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

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WellCare Health Plans Company Profile

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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