WellCare Health Plans (WCG) Gets a Buy Rating from Wells Fargo


Wells Fargo analyst Peter Costa maintained a Buy rating on WellCare Health Plans (NYSE: WCG) today. The company’s shares closed yesterday at $303.27, close to its 52-week high of $315.65.

Costa has an average return of 26.1% when recommending WellCare Health Plans.

According to TipRanks.com, Costa is ranked #582 out of 4883 analysts.

Currently, the analyst consensus on WellCare Health Plans is a Strong Buy with an average price target of $315.33, representing a 4.0% upside. In a report issued on September 14, BMO Capital also maintained a Buy rating on the stock with a $345 price target.

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WellCare Health Plans’ market cap is currently $13.58B and has a P/E ratio of 28.18. The company has a Price to Book ratio of 5.08.

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WellCare Health Plans, Inc. engages in the provision of government-sponsored managed care services through Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans to families, children, seniors, and individuals with complex medical needs. It operates through the following segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs.

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