Analyst Ratings for WellCare Health Plans Inc. (WCG)

Updated: 2017-07-28

Shares of WellCare Health Plans Inc. (NYSE:WCG) have received a consensus rating of Hold from Wall Street analysts. A consensus rating of Hold was previously issued for WCG last month.

Of the 13 analysts covering the stock, 3 gave it a buy rating, 0 issued an overweight rating, 9 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Investment analysts gave a few price targets for WCG. The most optimistic price target was 225, which equates to a potential upside of 25.01 percent. The most pessimistic price target was 144, which equates to a potential downside of -19.99 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0.45 percent. That number becomes 2.29 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.07 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 8.72 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 3 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

WCG has an estimated earnings growth rate of 13.8 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. WCG has a PEG ratio of 2.15.

In the trailing 52-weeks, WCG hit 184.88 at the highest peak, while it's lowest trading point was 105.16. Currently the stock is 71.15 percent higher than its low, and 2.65 percent below the high. WCG has a P/E ratio of 29.61. Investors typically compare the P/E ratio to a company's peers in the industry. The WCG value stock report compares WCG to some of its peers using value stock charts. The stock has a market capitalization of $7.97 billion. WCG will post this quarters earnings in days, on 0000-00-00.