Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $113.00 on WellCare Health Plans, Inc. (NYSE:WCG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.04 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of WellCare Health Plans, Inc. (NYSE:WCG) stands at 28.96.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Wellcare Health Plans, Inc. Com, the PEG ratio for coming 3-5 years is 1.23.
The technical analysis highlights that Wellcare Health Plans, Inc. Com current is trading $7.27 points away or +6.69% from its 50-day moving average of $108.64. Further it is trading $19.60 or +20.35% away its 200-day moving average of $96.31.
The 52-week high of WellCare Health Plans, Inc. (NYSE:WCG) was $117.51 while lowest point recorded in 52-week was $69.16. It implies if stock price makes a movement of over $-1.60, it will record a new 52-week high. In the case of +67.60% drop, it will touch a new 52-week low.
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