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A statement released earlier today by Jefferies & Co about Wellcare Health Plans Inc. (NYSE:WCG) bumps the target price to $170.00

Jefferies & Co bumped up the target of Wellcare Health Plans Inc. (NYSE:WCG) to $170.00 stating a potential downside of -0.05%.

Boasting a price of $179.42, Wellcare Health Plans Inc. (NYSE:WCG) traded -1.14% lower on the day. The last stock close price is up -0.50% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Wellcare Health Plans Inc. has recorded a 50-day average of $171.32 and a two hundred day average of $169.46. Volume of trade was down over the average, with 283,131 shares of WCG changing hands under the typical 324,802

Performance Chart

Wellcare Health Plans Inc. (NYSE:WCG)

With a total market value of $0, Wellcare Health Plans Inc. has price-earnings ratio of 29.62 with a one year low of $113.34 and a one year high of $184.88 .

A total of 13 equity analysts have released a research note on WCG. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, seven equity analysts rating the company a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $102.46.

Brief Synopsis On Wellcare Health Plans Inc. (NYSE:WCG)

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. As of December 31, 2016, it served approximately 3.9 million members in 50 states and the District of Columbia. As of December 31, 2016, it operated Medicaid health plans in Arizona, Florida, Georgia, Hawaii, Illinois, Kentucky, Missouri, New Jersey, New York and South Carolina. As of December 31, 2016, it offered MA coordinated care plans (CCPs) in certain counties in Arizona, Arkansas, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Mississippi, New Jersey, New York, South Carolina, Tennessee and Texas.

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