The leading market experts have placed a mean price target of $99.67 on WellCare Health Plans, Inc. (NYSE:WCG) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.30 a share for the upcoming quarter and $4.65 for the current fiscal. Technical View The technical analysis of Wellcare Health Plans, Inc. Com plainly substantiates that the 50-day moving average of Wellcare Health Plans, Inc. Com is $97.34, and stock is hovering 6.66 or +6.85% distant from $97.34. It is noted that the 200-day MA is $87.14, and Wellcare Health Plans, Inc. Com stock is $16.86 or +19.35% off from this point. WellCare Health Plans, Inc. (NYSE:WCG) 52-week high is $106.42 and the 52-week low is $69.16. This explains if the stock moves $-2.42, it will post a 52-week high. In event of $+50.38% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Wellcare Health Plans, Inc. Com, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, WellCare Health Plans, Inc. (NYSE:WCG) ratio came in at 33.45. The stock last ended the trading session at $104.00 and registered a market cap of $4.60B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. WellCare Health Plans, Inc. (NYSE:WCG) PEG ratio is at 1.28.
1 Chart Pattern Every Investor Should Know