Somewhat Positive Press Coverage Somewhat Unlikely to Affect WellCare Health Plans (WCG) Share Price

News coverage about WellCare Health Plans (NYSE:WCG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. WellCare Health Plans earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.7290103502539 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of WellCare Health Plans (WCG) traded down $0.12 during mid-day trading on Monday, reaching $199.61. The company had a trading volume of 189,000 shares, compared to its average volume of 366,011. The firm has a market cap of $8,890.00, a PE ratio of 25.05, a PEG ratio of 1.55 and a beta of 0.82. WellCare Health Plans has a 1 year low of $133.21 and a 1 year high of $213.97. 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 issued its quarterly earnings results on Tuesday, October 31st. The company reported $4.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $2.18. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.37 billion. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. equities research analysts predict that WellCare Health Plans will post 8.38 earnings per share for the current year.

A number of analysts have recently commented on WCG shares. BMO Capital Markets started coverage on WellCare Health Plans in a research report on Monday, October 16th. They set an “outperform” rating and a $215.00 target price on the stock. Cowen started coverage on WellCare Health Plans in a research report on Monday, October 9th. They set an “outperform” rating and a $200.00 target price on the stock. ValuEngine cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Deutsche Bank lifted their target price on WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $235.00 target price on shares of WellCare Health Plans in a research report on Monday, December 18th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $202.87.

In other WellCare Health Plans news, Director Carol Burt sold 997 shares of WellCare Health Plans stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for WellCare Health Plans (NYSE:WCG)

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